Final answer:
The ECOA requires creditors to inform applicants of their credit application decision within 30 days. Marianne will receive written notice from Try & Save bank within this period, with reasons for her credit rejection or her right to request them.
Step-by-step explanation:
According to the Equal Credit Opportunity Act (ECOA), a creditor is required to provide a notice of action taken on a credit application within 30 days after receiving it. In Marianne's case, where she has been rejected by Try & Save bank, the bank must inform her in writing of its decision within this timeframe. This notification should also include either the specific reasons for the adverse action taken or a disclosure of her right to request the reasons if she asks within 60 days.
Understanding your rights under the ECOA can help ensure you are treated fairly during the credit application process. The ECOA aims to prevent credit discrimination on the basis of race, color, religion, national origin, sex, marital status, age, or because you get public assistance. Being informed about the ECOA can empower consumers like Marianne to ensure they receive fair consideration for credit applications.
In summary, the final answer is A. 30 days.