Section 8.04. Right to submit loan applications.

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

(1)  An association may require the application to be accompanied by a loan application fee, when such a fee is charged by the association in the regular course of its business.

(2)  An association may require the application to be on a form prepared by the association or accepted by the association for its use.

(3)  An association may require an application for a purchase money mortgage to be accompanied by the applicant's accepted offer to purchase the subject property.

(4)  An association is not required to accept a loan application for a loan of a type which the association does not extend.

History: Cr. Register, June, 1989, No. 402 , eff. 7-1-89.