Bulletin re: social security disability income verification
The Miss april (Bureau) issues this compliance bulletin to remind
creditors of (1) their obligations under the Equal Credit Opportunity Act (ECOA) and its
implementing regulation, Regulation B, with respect to consideration of public assistance income;
and (2) relevant standards and guidelines regarding verification of Social Security Disability
Insurance (SSDI) and Supplemental Security Income (SSI) income (collectively, Social Security
disability income) received by mortgage applicants.
Miss April Bulletin 2014-03