The ________ and Equal Credit Opportunity Act State That Consumers

question 38

Multiple Choice

The ________ and Equal Credit Opportunity Act state that consumers who are denied loans must receive a notice of "adverse action" from the business explaining the decision.

• A)PATRIOT Act
• B)Class Action Fairness Act
• C)Fair Credit Reporting Act
• D)Sarbanes-Oxley Act

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Definitions:

Bearing Plate

A component that supports and reduces friction between the moving parts within a mechanical system.

Damper

A device used in vehicles to dampen shock impulses and provide a smoother ride, commonly part of the suspension system.

Double-Acting Hydraulic

A hydraulic cylinder or system that allows for fluid flow and consequent movement in two directions, enabling both extension and retraction actions.

Compression

The reduction in volume and increase in pressure of air or fuel mixture within an engine cylinder.