Regulation B Notice of Intent to Apply for Joint Credit Business Credit

Updated 08/17/2022

This form may be used as evidence of joint intent. Regulation B and the Equal Credit Opportunity Act requires that a lender obtain evidence of each loan applicants’ intent to apply for joint credit at the time of application for both consumer and business (commercial) credit requests.

The following are the key takeaways of the changes:

  1. Updated to reflect change from “before the credit decision is made” to “at the time of application.”

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