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09-03-2014, 10:03 AM #1
- Join Date
- Aug 2014
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- 21
Loan amounts and adverse action notice
Lot's of lenders ask an applicant how much capital they need, on an application. If the applicant is approved for a biz loan but for less funding than asked, does the lender need to provide some kind of AAN or justification? I don't see this too often so was wondering if there is no requirement or lenders are lax in complying.
Anyone have experiences with this?
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