When a creditor denies a mortgage application, what right allows the consumer to receive the main reasons for that denial?
Correct Answer
B) Applicant's right to reasons for adverse credit action
Applicant's right to reasons for adverse credit action is correct because the facts match the federal right to receive the principal reasons for a denial or other adverse action on a credit application. That is the best description of the relationship, right, or legal concept tested here.
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