What must be provided to a borrower if his/her loan application is turned down due to the credit score not meeting lender guidelines?
a. Adverse action notice
b. Copy of his/her credit report
c. Loan options for
Ans: a. Adverse action notice
Business
You might also like to view...
A zero-level marketing channel typically uses a wholesaler and a retailer
Indicate whether the statement is true or false
Business
Why would "groom decides he doesn't want to get married" not be covered by a typical wedding insurance policy?
A) It is a catastrophic event, and insurance companies do not cover that. B) The groom has the right to make that decision, and therefore it is not covered under a typical insurance policy. C) It is not an independent outside event. D) The risk pool size is too small.
Business