Requiring a loan applicant to have an account

Mary,

I see no issues with the requirement in regards to commercial bank clients.

Are you limiting your question to consumer relationships?

Neil​

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Neil Stanley
TS Banking Group
Treynor, Iowa
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Original Message:
Sent: 08-22-2019 10:14
From: Mary Fowler
Subject: Requiring a loan applicant to have an account

We are getting mixed messages on whether we are allowed to require that a customer have a deposit account with us before making them a loan.  Anyone have the answer?

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Mary Fowler
Chief Executive Officer
The Peoples Bank
Magnolia AR
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