Robin Martin made an individual application to the bank for a car loan. She has just returned to work on a regular basis because she was a full-time homemaker until recently, when her last child entered school. The loan officer would like to ask her about her husband. Under what circumstances can the officer ask Robin about her husband?
If the applicant resides in a community property state, the loan officer can ask about her husband because the laws in these states generally consider assets and debts acquired during the marriage to be jointly owned by both spouses. This affects the assessment of creditworthiness and the bank's risk assessment.
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