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#1430025 - 08/17/10 03:17 PM Incidental credit
Lil'Belle Offline
100 Club
Lil'Belle
Joined: Dec 2006
Posts: 193
Texas, United States
I really need some help. Could someone please give me an example of "Incidental credit" under ECOA, "Sec. 202.3 Limited exceptions for certain classes of transactions"?

I am studying for my CRCM and really having issues with the whole section of Limited exemptions (it's just not sinking in) but really need an example of Incidental credit.

Help.

Thank you so much in advance.
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Chiquita pero picosa.

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General Discussion
#1430603 - 08/18/10 02:10 PM Re: Incidental credit Lil'Belle
John Burnett Offline
10K Club
John Burnett
Joined: Oct 2000
Posts: 40,086
Cape Cod
One example of incidental credit is the payment of overdrafts (other than through an OD line of credit or account transfer).
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John S. Burnett
BankersOnline.com
Fighting for Compliance since 1976
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#1430942 - 08/18/10 06:57 PM Re: Incidental credit John Burnett
Lil'Belle Offline
100 Club
Lil'Belle
Joined: Dec 2006
Posts: 193
Texas, United States
Thank you, John!
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