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Old 09-08-2010, 02:34 PM   #3
Senior Member
Join Date: Aug 2008
Posts: 341

If you always submit the app, you'll never have to be concerned Adverse Action. The customer will get a letter, which you can see on Dealer Connect-CF Connect-Ace VIa Route One-Rates and Forms. If you tell someone you can't get them a loan and don't let a bank turn it dow, there's also the chance a savvy consumer can claim you violated the rule. Also, if you submit every app you'll get a surprise approval once in a while. It's best to submit apps you know will be turned down to a captive. They shouldn't use it against you, where it may annoy other banks.
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