Tagged: irs data verification act of 2017

Congressman Patrick McHenry & Senator Cory Booker introduce “Fintech Bill” that Automates IRS Credit Disclosures

As part of the loan or mortgage origination process an applicant must complete form “4506-T”  for the IRS. This gives the lender the right to access a summarized version of their tax transcript, which is used to confirm data points in qualifying their application. Today this… Read More

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