Before the team acts on a production meeting, the MLO must address FCRA Adverse Action Notice. Which response is most defensible?
Correct Answer
A) Handle the dispute under FCRA timing and procedures
Consumer reports require a permissible purpose and proper FCRA/Reg V handling. The best answer is "Handle the dispute under FCRA timing and procedures".
Why This Is the Correct Answer
Consumer reports require a permissible purpose and proper FCRA/Reg V handling. The best answer is "Handle the dispute under FCRA timing and procedures".
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