According to FDIC Guidance on Spousal Signature Provisions, if the creditor requires the spouse's signature on an instrument that imposes personal liability, the creditor's belief should be:
According to FDIC Guidance on Spousal Signature Provisions, if the creditor requires the spouse's signature on an instrument that imposes personal liability, the creditor's belief should be:
When a creditor requires the spouse's signature on an instrument that imposes personal liability, the creditor's belief should be supported by a thorough review of pertinent statutes, decisional law, or an opinion of the state's attorney general. This ensures that the creditor is in compliance with all relevant legal requirements and provides a comprehensive basis for the decision to require the spouse's signature.
A. Supported by a thorough review of pertinent statutes, decisional law, or an opinion of the state's attorney general. When a creditor requires the spouse's signature on an instrument that imposes personal liability, this requirement should be supported by a thorough review of pertinent statutes, decisional law, or an opinion of the state's attorney general. This ensures compliance with applicable laws and regulations regarding spousal signature requirements.