Đạo đứcCâu 296 / 400
Under ECOA, when a lender takes adverse action on an application, the applicant is generally entitled to:
a.Nothing, unless the applicant asks in writing
b.A refund of the application fee
c.A notice stating the specific reasons for the denial (or how to obtain them)
d.An automatic second review by a federal regulator
Giải thích
ECOA/Regulation B requires an adverse-action notice giving the specific principal reasons for denial or telling the applicant how to request them. There is no requirement to refund fees, no automatic federal re-review, and the notice is owed without the applicant having to request it first.
Trích dẫn luật: ECOA / Regulation BLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
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