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Updated over 12 years ago on . Most recent reply

David -'s profile image
David -'s profile image
David -
  • from South Carolina
  • Member since Mar 14, 2011
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David -'s profile image
David -'s profile image
David -
  • from South Carolina
  • Member since Mar 14, 2011
Connect
David -
  • South Carolina
0
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22
Posts
Buying & Selling Real Estate

banks and under-reporting income..

David -
  • South Carolina
Posted

This question does not apply to me as I do not under-report my income.

But say you are applying for a loan or mortgage and after the 4506 the bank has reason to believe you are not reporting correctly or your income on bank statements do not align with tax returns, would the bank report this?

If so, is there a legal requirement for them to report this?

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