Before the team acts on a servicing handoff check, a risk reviewer must address ECOA Income Requirements. Which response is most defensible?
Correct Answer
B) 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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