According to Google.
A RSB loan is a personal or business loan offered by a community bank. They are used for Debt Consolidation, vehicles or Home Improvements.
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Did a home improvement loan. It includes a form that is returned when the improvement is completed. Which is required for the borrower to return. So I pulled that form to the top of the pile and reminded the signer he needs to return it. Then he started asking a bunch of questions about how long he had and he thought he could shop different suppliers. And I referred him to the loan officer.
Then the hiring party called to say not having that form signed was a mistake. And I said if you read the form, it’s to be returned after the improvements are finished so they signed the form acknowledging they received it and understand it has to be returned but I didn’t have to be signed today. (She checked with the lender and then called me back and said oh you’re right.)
Why are loan officers just not explaining stuff? It’s apparent all the time that some just can’t be bothered explaining after they get that loan approved.
The Title/escrow officer are held back explaining and answering so many things now because they are not to be seen as giving legal advice. I think they are just going 
l in not explaining anything to be safe.
When I did escrow we answered most questions.
Their ignorance is bliss apparently
But loan officers should be explaining the requirements for the loans they are selling. That’s not legal advice. That should be part of selling the loan.
RSB is asset recovery. It is a few pages. The firm locates property that shows the heirs can recover the money instead of it falling to the government. It’s neither a small business loan nor a refi. I’ve done many of them.
Now that sounds right and it would also explain the low fees offered. Thank you.
Their ignorance is plausible deniability. “I’m just a loan officer, I didn’t engineer the written contract, You have to ask the lawyer”.
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