Under the fair lending requirements, illegal discrimination is prohibited at any point in time with respect to a credit transaction, whether that’s pre-application to all the way up until the loan matures and is paid off. That means an institution’s loan servicing practices are subject to fair lending scrutiny. Every borrowers’ facts and circumstances are different which means it’s vital that institutions have a roadmap to follow, lenders are applying it consistently and documentation is sufficient to avoid any fair lending pitfalls.
Jerod explains more in the video.
Published 2026/08/24
