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#1927705 - 05/29/14 07:14 PM FEDERAL CREDIT APPLICATION INSURANCE DISCLOSURE
Tessie Offline
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Joined: Jan 2006
Posts: 155
Does a bank have to give the credit disclosure regarding C/L and A/H if the bank has made a credit decision before inquiring if they want to purchase the insurance?

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Lending Compliance
#1927721 - 05/29/14 07:40 PM Re: FEDERAL CREDIT APPLICATION INSURANCE DISCLOSURE Tessie
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
Yes.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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#1928033 - 05/30/14 03:35 PM Re: FEDERAL CREDIT APPLICATION INSURANCE DISCLOSURE Tessie
tryin2comply Offline
Member
Joined: Jun 2013
Posts: 90
For an open-end loan, where credit insurance is NOT being offered, is the insurance disclosure required? What if the financial institution has an insurance division? Does that need to be disclosed, even if the insurance is not being offered?

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#1928193 - 05/30/14 07:51 PM Re: FEDERAL CREDIT APPLICATION INSURANCE DISCLOSURE Tessie
RR Joker Offline
10K Club
RR Joker
Joined: Nov 2002
Posts: 20,656
The Swamp
No.
_________________________
My opinion only. Not legal advice.

Say you'll haunt me - Stone Sour

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