Finance
Under the Gramm-Leach-Bliley Act (GLBA), lenders and other financial institutions must:
AOffer equal credit terms to all applicants
BProtect the privacy of consumers' nonpublic personal information✓ Correct
CProvide free credit reports to all applicants
DCap interest rates on all consumer loans
Explanation
The GLBA requires financial institutions to establish privacy policies, notify customers about information-sharing practices, and safeguard nonpublic personal financial information. Real estate professionals working with mortgage lenders should be aware of these privacy requirements.
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