Level 3

I received a request from a self-employed tax client who is refinancing his mortgage.  He says the lender has asked for "audited" or signed financial statements from his tax preparer as part of his loan documents.  He says the lender is requiring it as a new COVID-19 requirement.

I am hesitant to provide this for two reasons.  I am concerned about possible liability issues if he defaults on the loan as well as the rules about disclosing client information to a third party.  In addition, I am not his bookkeeper (he does his own books).

Has anyone had experience with this or with this type of request?


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