Maryland Mortgage Lending Law requires that records be retained after a loan is

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Icon Mini Profile JFREDE3382




Joined: 26 Feb 2008

Posts: 4

2.12 Dollars($)
PostPosted: Thu Dec 18, 2008 2:28 pm    Post subject: Maryland Mortgage Lending Law requires that records be retai

Maryland Mortgage Lending Law requires that records be retained after a loan is
denied for how many years?
Icon Mini Profile smithsussane
smith.sussane



Joined: 18 Sep 2008

Posts: 3738
Location: Alaska
561.45 Dollars($)
PostPosted: Thu Dec 18, 2008 10:07 pm    Post subject:

Hi JFREDE!

Welcome to forums!

As far as I know, a loan denial is not recorded in the credit report. If you have defaulted on payments or if you have taken a loan, then the lender reports the issue to the credit bureau. In this case, if the lender refuses to give you loan, then I don't think anyone will report it to the credit bureaus. By the way, can you tell me where you did you come to know that credit denial is reported to the credit bureaus?

Feel free to ask if you have further queries.

Sussane
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