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Does anyone know where the law is for a verification of employment?
Posted on January 20th, 2011 2 comments
ArmyWife<3 asked:
is there a texas state or federal law stating that the employer is not allowed to give out an employers salary even with borrowers authorization to qualify for a home mortgage loan, more or less, an FHA loan?
if there is please give me a link.
or if there as anything regarding them having to with permission.
EmilyLaw & Legal Borrowers Authorization, Employment Texas, Fha Loan, Home Mortgage Loan, Law Employment, Salary, Verification Of Employment2 responses to “Does anyone know where the law is for a verification of employment?”
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there is no law either state or federal, if they have a signed authorization they are free to give it to whomever has the authorization, if it was done without your permission there is little you can do unless it caused serious financial harm
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Carol O January 23rd, 2011 at 02:31
An employer is allowed to verify salary, not give it out. If the lender says something along the lines of, “Ms. Smith says that her salary is $X per year, can you verify that?” most employers will say yes or no. However, if the lender says, “How much does Ms. Smith earn per year?” the employer will not give out that information.
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rwa000 January 22nd, 2011 at 21:05