Hector Martinez Is a Loan Officer in a Non-Community Property

Hector Martinez is a loan officer in a non-community property state. He receives a verbal request for a small business working capital loan from Leon Rogers for his technology consulting business. The business is a sole proprietorship. Mr. Rogers gives Hector a written business plan for his business, a financial statement for the business for the past two years, and a personal financial statement that includes information on himself and his wife. Can Hector assume that the application is a joint application from Mr. Rogers and his wife?

A) Yes. Because the financial statement is signed by both Mr. and Mrs. Rogers and includes joint information, the application can be considered to be from both spouses.
B) Yes. Because the business is a sole proprietorship, the spouse's financial information is important.
C) No. The bank cannot assume the application is a joint one simply on the basis of submission of joint financial information.
D) No. Because the business is a sole proprietorship, the bank should assume the application is for individual credit.