The creditor can require you to reapply for credit on an individual basis and then, based on your new application, extend or deny you credit. In the case of a mortgage or home equity loan, a lender is likely to require refinancing to remove a spouse from the obligation. If you have additional questions about credit, send for copies of the FTC's free brochures Women and Credit Histories, Fair Credit Reporting, or Best Sellers, which lists a variety of publications on credit and other consumer topics. The Law Firm of Evan H. Farr, P.C. claims no copyright in the content of this document. This website provides general information only.
Laws develop over time and differ from state to state.
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