Please be aware that effective August 10, 2020, Wells Fargo will initiate a system enhancement that will limit the ability to authorize or fund any job under $10,000 for the long-term promotions—such as 96, 108, & 120 months.
The $10,000 minimum has always been a requirement; the only change is that the Wells Fargo system will now automatically restrict any sale under $10,000. There will be no exceptions made, as this is a federal mandate.
Please note: This only applies to the 96, 108, and 120 month programs. (Plan Codes: 3693, 3688, 3689, 3690, 3691, 3692)