You have taken a loan application from a customer with an excellent credit score. When does ECOA require that you advise the borrower about the status of his/her application?
a. Within one week
b. Within three days
c. Within 30 days
d. Within 90 days
Ans: c. Within 30 days
Business
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The NAIC Unfair Claim Settlement Practices Act is intended to cover all of the following types of insurance claims, EXCEPT:
a. Health insurance claims. b. Dwelling and Homeowners insurance claims. c. Automobile liability claims. d. Boiler & Machinery (Equipment Breakdown) insurance claims.
Business
________ interviews require applicants to perform under work-based conditions
A) Traditional one-on-one B) Telephone C) Panel D) Action E) Virtual
Business