Q: Under the standard ATR rules, for the purposes of verifying information, what is meant by a third party record?
A: A third party record refers to:
A document or other record prepared or reviewed by an appropriate person other than the consumer, the creditor or mortgage broker, or an agent of the creditor or mortgage broker;
A copy of a tax return filed with the IRS or state taxing authority; or
If the consumer is an employee of the creditor or mortgage broker, a document or other record maintained by the creditor or mortgage broker regarding the consumer’s employment status or employment income.