Quote:
Originally Posted by VegasBaby!!!
I bet a dollar to a donut that the lending company had to have him add a life insurance policy of at least 50k to be able for them to loan to him. This actually happened to my mother in law and was $15 a month.
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If they did require him to have life insurance because of his age that is highly illegal and violation of the fair lending act. If someone that is 100 years old walks to a branch and asks for a loan and they are qualified you have to provide that loan at the same terms as someone that’s 25. Really simple question, do you know when they are going to die? You don’t know for anyone no matter their age. If you have to buy the lenders insurance plan on top of that, then they are breaking more laws.
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