Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Home > Regulation & Examinations > Laws & Regulations > FDIC Federal Register Citations

FDIC Federal Register Citations

Elkhorn Valley Bank
From: Chris Hutchinson []
Sent: Wednesday, June 15, 2005 4:33 PM
To:; Comments;;
Subject: EGRPRA - Fact Act

RE:  Fact Act 

My comments are regarding mortgage transactions secured by residential real estate for which the disclosure of credit scores and the factors that adversely affect the credit scores is required.  The disclosure has caused confusion and upset some of our customers that have good credit and strong credit scores.  Our lenders are doing the best they can to explain the disclosure and the fact that even high scores will have factors listed that adversely affect the score.  The confusion to the customer seems unnecessary and seems to outweigh the benefit of the disclosure, especially to customers with good credit.

Chris Hutchinson
Vice President & Auditor
Elkhorn Valley Bank

Last Updated 06/16/2005

Skip Footer back to content