Finance
A South Carolina borrower who is denied credit must receive a notice under ECOA within:
A24 hours of the decision
B30 days of the application or adverse action✓ Correct
C60 days of the application
DOnly if the borrower requests it
Explanation
ECOA requires lenders to provide a written notice of adverse action (denial, counteroffer, or change in terms) within 30 days, stating the reasons for the credit decision.
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