Which of the Following Are Lenders Prohibited from Asking on a Credit

question 29

Multiple Choice

Which of the following are lenders prohibited from asking on a credit application?

• A) The applicant's income
• B) If the applicant has a telephone
• C) If the applicant has declared bankruptcy in the past
• D) How long the applicant has been on the job
• E) Lenders are not prohibited from asking any of the above

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Definitions:

Utmost Good Faith

A legal doctrine requiring parties in certain agreements, particularly in insurance contracts, to act honestly and disclose all relevant facts to each other.

Weekend Selling Activity

Commerce or sales transactions specifically conducted over the weekend period, potentially targeting leisure shoppers.

Customer Orientation

A business approach that prioritizes understanding and meeting the actual needs of customers.

Salesperson

A professional who is responsible for selling products or services to customers, often directly.