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Correction, with additional pictures, the two buildings are not connected by stairs, but the balcony of structure two is connected by four wood posts for support.
An internal form, a non-binding term sheet, is used to document additional application details. To clarify, if approval is different from what is listed on the application/non-binding terms sheet, we have no issues if a counteroffer is made and accepted. If the counteroffer is not accepted, we must issue an adverse action notice telling why the application/non-binding terms sheet was not approved on the terms they applied.
I knew there was an exclusion for the home loan toolkit if the application was denied within three days.
My question is:
When applicable (per the criteria you listed), for applications taken by phone, online, or mail, the Consumer Handbook on Adjustable-Rate Mortgages and the initial ARM disclosure are still due within three days, even if the loan is denied within three days.and
When applicable (per the criteria you listed), for applications taken by phone, online, or mail, the “What You Should Know About Home Equity Lines of Credit” and the initial HELOC disclosure are still due within three days, even if the loan is denied within three days.
Is this correct?
To clarify, the situation described above would not trigger concerns with the Bank’s privacy notice (do not share) or the FCRA opt-in/opt-out requirement?
That was my thoughts. Nothing was communicated to the municipality because they never applied. I appreciate your help!
