Credit Evaluation School eBook

Consumer Loans – Motor Vehicles

Primary Documents Required: • Signed Consumer Credit Application • Promissory Note

• Credit Report • Security Agreement • Certificate of Title or Certificate of Origin • Income Information

• Financing Statement • Evidence of Insurance

Consumer Loans – Residential Home

What is it: A consumer loan to an individual for personal reasons. Typically, to purchase real property such as a residential home, undeveloped land, lots, free-standing dwellings, duplexes, fourplexes, apartments, or condominiums.