Content of Notification to Credit Consumers Must Contain

question 321

Multiple Choice

Content of notification to credit consumers must contain:

• A) Statement of the action taken
• B) Name and address of creditor
• C) Statement of the specific reasons for the adverse action or a disclosure of the applicant's right to receive the specific reasons within 30 days of a request. The request for specific reasons must be made within 60 days of the receipt of the adverse action notice.
• D) Statement of the specific reasons for the adverse action or a disclosure of the applicant's right to receive the specific reasons within 15 days of a request. The request for specific reasons must be made within 30 days of the receipt of the adverse action notice.

---

Definitions:

Syllogism

A syllogism is a form of logical argument that applies deductive reasoning to arrive at a conclusion based on two propositions that are asserted or assumed to be true.

Family-Oriented Television Show

A television program designed to be watched by family members of all ages, typically focusing on themes that appeal to a broad audience and promote family values.

Mood

The emotional state or atmosphere that a work of art, piece of literature, or a particular situation evokes.

Syllogism

A form of deductive reasoning that consists of a major premise, a minor premise, and a conclusion.