- This topic has 1 reply, 2 voices, and was last updated 13 years, 9 months ago by .
-
Topic
-
I seem to have a brain block on the Negative Information Disclosure. Is the negative information disclosure required on commercial loans, when the borrower is a business and the co-borrower is an individual? Our loan platform states it is required on transactions made for personal, family or household purposes. However part of the reg says it is required when you report a customer’s information to a CRA. We report on businesses; therefore, that’s where I am coming from that they need the notice. Am I totally crazy? 😕
Viewing 1 replies (of 1 total)
Viewing 1 replies (of 1 total)
- You must be logged in to reply to this topic.