Processes loan application paperwork

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Question

Juliette works at a credit card bank, where she assembles, administers, and processes loan application paperwork before it goes to an underwriter. Is her bank required to be licensed? Unset starred question No, depository institutions such as credit card banks don't need to be licensed. No, only trust companies must be licensed. Yes, depository institutions such as credit card banks must be licensed. Yes, the bank must be licensed if a consumer requests it.

Reference no: EM133654774

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