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Economic Growth and Regulatory Paperwork Reduction Act with EGRPRA logo on left side

Comment

  

From: William T. Brennan
Sent: Monday, February 23, 2004 3:06 PM
To: regs.comments@federalreserve.gov; Comments; regs.comments@occ.treas.gov; regs.comments@ots.treas.gov
Subject: EGRPRA

As President and CEO of a small ($135M) community bank in Melbourne, FL (THE
BANK BREVARD), I wish to express my opinion on the recent amendment to Reg.
B requiring "Evidence of Intent" of joint applicants by requiring them to
initial their intent prior to signing the loan application. This appears
redundant and without merit. A person's signature should suffice for
evidence that they are applying for joint credit.

Thank you for allowing me the opportunity to express my concern over this
amended regulation that goes into effect April 15, 2004.
 
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