Lending Law
If a customers gives an application with a financial statement to apply for a loan and the loan officer sees that something may not be correct and changes the information, then prints a new application with financial statement and has the customer sign it, Can the loan officer be prosecuted for that?
Asked on 11/29/07, 12:50 pm
1 Answer from Attorneys
Scott Riddle
Law Office of Scott B. Riddle, LLC
Re: Lending Law
I am not sue why you think the bank officer would be prosecuted for correcting an error and having the customer sign. That is common -- happens every day. People who sign false financial statements are the ones who usually get in trouble. If the application is not correct, the customer should not sign.
Answered on 11/29/07, 12:54 pm
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