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Old 09-27-2010, 06:42 AM   #6
SANDMAN
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Join Date: Sep 2010
Posts: 24
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Not sure if it is a federal law on this but I did it as a precaution. All deals that were marked as a FOB came through me before they were turned in. It gave me the opportunity to save a deal and if not I did a adverse action on it regardless of whether it was submitted or not as long as there was a credit app in the deal. Why risk the fine?
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