Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-migrate-db domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /srv/app/gotoiba-dev/htdocs/web/wp-includes/functions.php on line 6121
If we accept a home mortgage loan application via email, should we treat the application as received by mail or internet under Regulation C? – IBA Compliance Connection

If we accept a home mortgage loan application via email, should we treat the application as received by mail or internet under Regulation C?

by

We believe that you should treat an application received by email as received by mail, unless the email application includes a video component.
 
With respect to reporting an applicant’s ethnicity, race, and sex, Appendix B to Regulation C states that “if you accept an application through electronic media without a video component (for example, facsimile), you must treat the application as accepted by mail.” Email is a form of electronic media that generally does not include a video component. Consequently, we believe that email applications should be treated as mail applications under Regulation C, unless the emails include videos.
 
For resources related to our guidance, please see:
 
  • Regulation C, Appendix B, #3 (“If you accept an application through electronic media with a video component, you must treat the application as taken in person. If you accept an application through electronic media without a video component (for example, facsimile), you must treat the application as accepted by mail.”)