Loan Verification
(04/01/14 - 05/31/14)
Verify loans with the lender. Verification must contain all of the following:
The name of the recipient of the loan
A statement that the amount advanced is a loan
The amount of the loan
The date of the loan
The date repayment is expected by the lender
NOTE A specific date is not required.
Name and phone number of the lender
When the lender fails or refuses to provide verification, follow the verification process.