CFPB TRID Sec. 6 - May an online application system refuse to accept applications that contain the six elements of an application because other preferred information is not included?

Compliance > Regulation Z - TILA / TRID Specific > Loan Estimates
Q:  May an online application system refuse to accept applications that contain the six elements of an application because other preferred information is not included?
 
A:  No. An online application system designed to reject or refuse to accept applications on the basis that they lack other information that a creditor normally would prefer to have beyond the six elements does not comply with the TILA-RESPA Rule.
 
 
This Loan Estimate / LE information can be found in the CFPB's TILA-RESPA Integrated Disclosure rule compliance guide - http://www.consumerfinance.gov/regulatory-implementation/tila-respa/
 

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