A mortgage file is paused during a lock-desk handoff because of ECOA Age Discrimination. Which answer should avoid a shortcut that would misapply the rule?
Correct Answer
A) Send the required adverse-action notice
ECOA/Regulation B prohibits discrimination and requires action notices and valuation copies. The best answer is "Send the required adverse-action notice".
Why This Is the Correct Answer
ECOA/Regulation B prohibits discrimination and requires action notices and valuation copies. The best answer is "Send the required adverse-action notice".
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