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Does one person’s indication on of an intent to apply jointly allow the bank to pull a credit report on the joint-borrower?

Does one person’s indication on a phone or online application of an intent to apply jointly provide a permissible purpose to pull a credit report on the other joint-borrower?

Yes. For joint applications, where the person presenting the application is asserting a joint intent, the absent joint borrower’s credit report may be obtained. For example, in an online situation, the lender does not know who is completing the application, but can assume that both individuals are not typing simultaneously. If, in fact, the absent spouse is unaware or has not actually agreed, then the person applying may be guilty of loan fraud. (January 2018)

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