QUESTION: 146

What may a creditor do when furnishing credit information?

May designate accounts in any manner that is convenient and reasonable
Must designate accounts as specified by the parties
Must designate accounts to show participation by both spouses if both are liable
Must designate accounts to show all parties, including guarantors

Answer(s): C

ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

Post the notice on its Web site also
Send a paper notice by regular mail also
Use a credit scoring system
Obtain the applicant's affirmative consent before sending the notice

Answer(s): D

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QUESTION: 147

ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

Post the notice on its Web site also
Send a paper notice by regular mail also
Use a credit scoring system
Obtain the applicant's affirmative consent before sending the notice

Answer(s): D

Reveal Solution Next Question

QUESTION: 147

ABC Bank has an interactive Internet Web site at which it takes consumer credit applications. At the time an applicant completes an application on the Web site and submits it, the applicant also is asked for his or her email address. If the application is denied, ABC sends an adverse action notice to the applicant's email address listed on the application. Using this procedure, what is ABC Bank's responsibility?

Post the notice on its Web site also
Send a paper notice by regular mail also
Use a credit scoring system
Obtain the applicant's affirmative consent before sending the notice

Answer(s): D

Reveal Solution Next Question

Free CRCM Exam Braindumps (page: 111)

QUESTION: 146

QUESTION: 147

QUESTION: 147

QUESTION: 147

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