Wis. Admin. Code Department of Financial Institutions DFI-SB 8.04

Current through November 25, 2024
Section DFI-SB 8.04 - Right to submit loan applications

No savings bank may deny an individual an opportunity to submit a written loan application except:

(1) A savings bank may require the application to be accompanied by a loan application fee, when such a fee is charged by the savings bank in the regular course of business.
(2) A savings bank may require the application to be on a form prepared by the savings bank or accepted by the savings bank for its use.
(3) A savings bank may require an application for a purchase money mortgage to be accompanied by the applicant's accepted offer to purchase the subject property.
(4) A savings bank is not required to accept a loan application for a type of loan which the savings bank does not extend.

Wis. Admin. Code Department of Financial Institutions DFI-SB 8.04

CR Register, February, 1994, No. 458, eff. 3-1-94.