FinancingLending_discriminationHARD
Under ECOA, within how many days must a creditor notify an applicant of an adverse action on a completed credit application?
Correct Answer
C) 30 days
ECOA requires creditors to notify applicants of adverse action within 30 days after receiving a completed application, providing the reasons for the denial or other adverse decision.
Answer Options
A
10 daysB
60 daysC
30 daysD
90 daysWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
lending_discriminationfinancingecoaadverse_action_timeline
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