Luật vay thế chấp liên bangCâu 5 / 400
After a lender takes adverse action on a completed mortgage application, within how many days must the applicant receive notice under ECOA?
a.10 days
b.15 days
c.30 days
d.60 days
Giải thích
ECOA (Regulation B) requires that a notice of adverse action on a completed application be provided within 30 days of the decision. The other intervals do not match the ECOA adverse action timing standard. This notice must include the reasons for denial or a statement of the right to request them.
Trích dẫn luật: ECOA / Regulation BLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the TRID rule, the borrower must receive the Closing Disclosure no later than how many business days before consummation of the loan?
- Three business days before closing, the borrower's annual percentage rate (APR) increases from 6.0% to 6.3% because the interest rate was locked higher. Under TRID, what must the lender do?
- A mortgage broker refers borrowers to a specific title company and, in exchange, receives $50 for each referral. Under RESPA, this arrangement is:
- During a loan interview, a loan originator asks a female applicant whether she plans to have children, implying it could affect her income. Under ECOA, this question is:
- Which of the following is NOT a protected basis under the Equal Credit Opportunity Act?
- In a refinance of a primary residence with a new lender, when does the borrower's right of rescission under TILA generally expire?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra