Originally Posted by
johnkphotography
Techinically, until Nov 4th, 2013 Citi can choose to only count one spouses income due to a poorly worded provision in the Truth in lending act. As of May 3rd, 2013 the rule is on the books that it is back to the more sensible standard of "assets with a reasonable expectation of access", e.g. joint accounts. So Citi can be cranky and demand independent ability to pay if they want to but it is entirely up to them. You can check out the revised rule here and good luck!
https://www.federalregister.gov/arti...g-regulation-z
I was just reading about this new law on the consumerfinance.gov website. As you write, banks have until November 4th then they MUST consider houselhold income. Since 11/4 is within the 90 window, I'm going to wait until then before I contact them. Thanks