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Question # 27

Under the Fair Credit Reporting Act (FCRA), what must lenders do before denying a loan based on a credit report?

Options:

A.

Provide the applicant with the appraisal report

B.

Notify the applicant of their right to a free copy of the credit report

C.

Provide a Good Faith Estimate

D.

Allow the applicant 60 days to dispute income

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NMLS Overview

Name SAFE Mortgage Loan Originator
Code NMLS
Vendor Finance, Insurance and Real Est
Certification Nationwide Multistate Licensing System (NMLS)

NMLS Questions