to the Federal Trade Commission's new Risk-Based Pricing Rate (http://www.ftc.gov/opa/2009/12/rbpricing.shtm),
Viewtech has added a notice to the loan documents for all applicable applicants
that meet this requirement. The notice is intended to improve the accuracy
of credit reports by alerting consumers whose credit applications have been approved
but received less favorable rates than applicants with excellent credit. This
notice is to be given to the applicants(s) and kept for their records.
It's also important to mention that as the originators of these notes, you
have an obligation to retain credit applications and all related documents for a
period no less than 2 years. in cases where you are submitting credit applications
online via LoanVIEW, credit applications must be retained for a period no less than
Viewtech values your opinions and suggestions and we are committed to providing you
with fast and superior service.
Please feel free to email me with any comments, questions or concerns –
Chief Operations Officer
WE THANK YOU FOR YOUR BUSINESS!