In Processing and evaluating applications""12 CFR 202.6, protected income part is also under discussion. Which of the following considerations is NOT its part?
In Processing and evaluating applications""12 CFR 202.6, protected income part is also under discussion. Which of the following considerations is NOT its part?
Under 12 CFR 202.6, the consideration that public assistance income may not be considered due to its source is incorrect. Lenders are required to consider public assistance income the same as any other income, as long as it is reliable and can be consistently made. This prohibition ensures that applicants receiving public assistance are not discriminated against simply because the source of their income is from a public assistance program.
B. Public assistance income may consider as it relates to another pertinent element of creditworthiness
D, page 127. You "cannot" discount or refuse...and D states you "can".