A training manager is reviewing a mortgage file during a regulator exam preparation. Which statement correctly handles ECOA and Regulation B?
Correct Answer
D) 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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