Obtaining credit reports from credit reporting company

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Reference no: EM132295228

Denton National Bank Provides car loans to its banking customers. Initially, a potential loan customer meets with a loan officer, requests a loan for certain term in terms of amount and payment time frame, and completes a loan application. Next, the loan officer determines the customer's credit standing and available interest rates by obtaining credit reports from a credit reporting company. Then customer is notified if the loan application has been approved.

Reference no: EM132295228

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