[MCAdude]

Is there any scenario where a vendor can offer complete submission packages (including application and bank statements) that is legal?

The only thing I can think of is if the vendor has the merchant fill out MY application and provide statements to me. If a merchant were to fill out any other application and I were to receive that app and their bank statements they would not be intended for me and therefor I'd have legal problems, is that correct?

Just trying to cover my bases after being burned by a vendor on this forum.

I think 90%+ of this scenario would be shady and illegal backdooring. however, it can potentially be legal if disclosures/consent language on the application allows for sharing with 3rd party affiliates and the agreements ISO's have with funding companies which can allow them to own and resell the data at one point or another.