What may a creditor do if an applicant applies for individual unsecured credit?

Question

Quizplus · Accepted Answer

If the applicant relies on jointly owned property to establish creditworthiness, a creditor may require another signature on the credit application. This is because the jointly owned property may be used as collateral for the credit, and the creditor wants to ensure that all parties involved in the ownership of the property are aware of the potential risks and responsibilities. The other choices are incorrect. A creditor may require the signature of another person (such as a co-signer) if the applicant is not creditworthy, but this is not limited to the applicant's spouse. Additionally, a creditor may ask the applicant to withdraw the application if it does not meet credit standards, but this is not directly related to the requirement of another signature.

What May a Creditor Do If an Applicant Applies for Individual