Finance
Under the Equal Credit Opportunity Act (ECOA), a Nebraska lender must notify an applicant of a credit decision within:
A3 business days
B5 business days
C30 days✓ Correct
D45 days
Explanation
ECOA requires lenders to notify applicants of credit decisions (approval, denial, or counteroffer) within 30 days of receiving a complete application. Denied applicants must receive specific reasons for denial.
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