A mortgage file is paused during a risk-control review because of ECOA Adverse Action Notice. Which answer should explain the required action to the team?
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".
More Federal Laws Questions
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