According to FDIC Guidance on Spousal Signature Provisions, if the creditor requires the spouse's signature on an instrument that imposes personal liability, the creditor's belief should be:
A.
Supported by a thorough review of pertinent statutes, decisional law, or an opinion of the state's attorney general
B.
Supported by a thorough review of pertinent statutes
C.
Supported by decisional law
D.
Supported by an opinion of the state's attorney general
A. Supported by a thorough review of pertinent statutes, decisional law, or an opinion of the state's attorney general.
When a creditor requires the spouse's signature on an instrument that imposes personal liability, this requirement should be supported by a thorough review of pertinent statutes, decisional law, or an opinion of the state's attorney general. This ensures compliance with applicable laws and regulations regarding spousal signature requirements.
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Cam22
4 months ago