When a lender refuses to grant credit in substantially the amount or on substantially the terms requested in an application, which of the following actions must be issued? A) Denial form B) Adverse action C) Termination notice D) Application denial action

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When a lender refuses to grant credit in
substantially the amount or on substantially the
terms requested in an application, which of the
following actions must be issued?
A) Denial form
B) Adverse action
C) Termination notice
D) Application denial action
Transcribed Image Text:When a lender refuses to grant credit in substantially the amount or on substantially the terms requested in an application, which of the following actions must be issued? A) Denial form B) Adverse action C) Termination notice D) Application denial action
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