Section 8.04. Right to submit loan applications.

Latest version.

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.

History: Cr. Register, February, 1994, No. 458 , eff. 3-1-94.

                    
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