What’s the Difference Between Prequalification, Preapproval and Prescreening?

Prequalification, preapproval and prescreening — three terms that many of us are guilty of using interchangeably. But when it comes to regulatory compliance, the terms can have very distinct meanings and requirements depending on the context in which they are used. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can a member cash a check made out to his/her spouse if that spouse is deceased?”