When is a lender required to send an ecoa notice after taking adverse action on an incomplete application?

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asked Apr 2, 2022 34.9k views

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Derek Smith · Answer 1 · 2022-04-07T13:03:28+0000

Answer:

30 days.

Step-by-step explanation:

A creditor must notify the applicant of adverse action within: 30 days after receiving a complete credit application. 30 days after receiving an incomplete credit application.

When is a lender required to send an ecoa notice after taking adverse action on an incomplete application?

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