Adverse Action Notice Required?

Home » Topics » Equal Credit Opportunity Act/Regulation B » Adverse Action Notice Required?

Tagged: adverse action, Reg B

This topic has 1 reply, 2 voices, and was last updated 1 year, 5 months ago by Kimberly Boatwright, CAMS, CRCM.

Viewing 1 post (of 1 total)

Author

Posts
October 26, 2023 at 4:13 pm EDT #342558

Kimberly Boatwright, CAMS, CRCM
Keymaster

Do you have written proof of the verbal acceptance of the lower loan amount? If you do not, I would err on the side of caution and send him the AA notice. But if you have documentation of the acceptance then I would consider it a withdrawal for purpose of Reg B.
Author

Posts

Viewing 1 post (of 1 total)

You must be logged in to reply to this topic.