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bobbak
New Member
1 Posts |
 Posted - 01/25/2010 : 4:11:53 PM
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Hi I cannot recall, but which lending regulation requires lender to make available to a borrower an amount less than the maximum qualifying amount. For example. The Lowest available loan amount to any customer is $1000, with loan amounts available in increments of $100 up to $2000. So a customer qualifies for $1900 but only wants $1400. What regulation requires a lender to make $1400 available to the borrower?
any help is greatly appreciated.
thanks |
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which lending regulation does this fall under?
