"Joint Credit" Acknowledgments on FS Updates

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Question:

Reg B requires our commercial and ag customers to initial the top of the personal financial statement if applying for joint credit. Annually we mail out blank personal statements to our ag and commercial customers to update the credit files. Do these forms need initials also?

Answer:

Reg B has been revised to affect joint applications.

First published on BankersOnline.com 9/6/04