Ellen,age 25,was Recently Divorced and Has Applied to Mayberry Bank

question 7

Multiple Choice

Ellen,age 25,was recently divorced and has applied to Mayberry Bank for a loan.The bank,as regulated by the Equal Credit Opportunity Act:

• A) can ask her if she is married.
• B) can ask her if she plans to have children soon.
• C) can discount her loan rating because she is 25 and likely to have children within the next five years.
• D) must notify Ellen within 30 days after receiving her credit application of the action taken,and if she is denied credit,the bank must give her specific reasons for the denial.

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Definitions:

Cooperative

Pertaining to the willingness or practice of working together with others for a common purpose or benefit.

Sequential

Following a logical order of progression or a sequence, one after the other.

Interactive

Involving communication and active engagement between two or more parties, often used to describe digital technologies, teaching methods, or entertainment.

Self-Control

The capacity to manage one's feelings, cognitions, and actions when confronted with desires and sudden urges.