Finance
Under the Equal Credit Opportunity Act (ECOA), a Maine lender must notify an applicant of a credit decision within:
A3 business days
B30 calendar days✓ Correct
C45 calendar days
D60 calendar days
Explanation
ECOA requires creditors to notify applicants of a credit decision (approval, denial, or counteroffer) within 30 calendar days of receiving a completed application.
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