The _____ requires that a credit applicant be notified of the credit decision within 30 days of receipt of the request or application.

Question

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The Equal Credit Opportunity Act requires that a credit applicant be notified of the credit decision within 30 days of receipt of the request or application. A is incorrect because there is no such act as the Credit Extension Act. B is incorrect because the correct name of the act is the Equal Credit Opportunity Act, not the Equal Availability Credit Act. C is incorrect because there is no such act as the Credit Conformant Act.

The _____ Requires That a Credit Applicant Be Notified of the Credit