The Equal Credit Opportunity Act Requires That a Credit Applicant

question 23

True/False

The Equal Credit Opportunity Act requires that a credit applicant be notified of a credit decision within 10 days of receipt of the request or application.

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Definitions:

Reflexes

Involuntary and almost instantaneous movements in response to stimuli.

Proprium

A term used in psychology to refer to the aspects of a person's self or identity that are considered central to their sense of self.

Infancy

The stage of human development that spans from birth to the age of two, characterized by rapid physical and cognitive growth.

Middle Age

A period of human adulthood that typically ranges from about 45 to 65 years of age, often characterized by increased self-awareness, stability, and responsibility.