Final answer:
It is false that a creditor can require you to reapply for credit solely because you have reached a certain age or retired due to regulations in the Equal Credit Opportunity Act.
Step-by-step explanation:
The answer to your question, "A creditor may require you to reapply for credit because you have reached a certain age or retired", is False (b). According to the Equal Credit Opportunity Act, the fact that you have reached a certain age or retired cannot by itself be a reason for a creditor to make you reapply for credit. While creditors can assess various factors such as income sources, the bank's risk assessment, credit check, and the borrower's ability to repay the loan, they cannot force a reapplication based solely on age or retirement status.
Learn more about Credit Reapplication