Violation?

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This topic has 1 reply, 2 voices, and was last updated 11 years, 5 months ago by rcooper.

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February 4, 2014 at 3:43 pm EST #5295

TheBank
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Isn’t it a violation of 12 CFR 1003.4(b) if a bank does not request government monitoring information in writing using the wording from Appendix B of the regulation, via an application or separate form for a HMDA reportable loan application?
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February 4, 2014 at 9:59 pm EST #5298

rcooper
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You seem to be correct, but I believe reviewing Appendix B might clear up any further questions you might have. The wording provided is part of a sample form that uses model language; that being said I have never seen any other language used by a creditor.
https://www.gpo.gov/fdsys/pkg/CFR-2013-title12-vol8/pdf/CFR-2013-title12-vol8-part1003-appB.pdf
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