What’s an application? That’s a great question and one that isn’t quite as easy as it seems.
You see, each regulation has its own set of definitions.
Thus, what constitutes an “application” for Regulation B (ECOA) can be different than what constitutes an application for Regulation C (HMDA) or for Regulation Z (TRID).
Your application date could differ depending on what regulation you’re talking about.
It’s also important to note, you can’t use TRID’s definition for HMDA and vice versa.
David explains a Regulation B application in the video.
Ready to learn more? JOIN US for our webinar, “Applicants & Applications”. Featured topics include:
- What’s an Application?
- Who is an Applicant? What’s a Completed Application?
- ECOA vs. HMDA vs. TRID & Other Regulatory Intersections
- Pre-qualifications, Pre-approvals & the Rules
- Written and /or Signed Application Requirements
- Application Channels - In-Person vs. Not
- Joint Intent, Signatures, Co-Signers & Guarantors
- Your Questions, Plain English Answers & Much More!
Published
2022/03/22
