Question

Anytown Financial receives a complete loan application package on March 1. The loan is denied on March 10. Anytown must deliver an adverse action notice to the applicant no later than:

A. June 1
B. March 20
C. April 10
D. March 31

Answer 1

Anytown Financial must deliver an adverse action notice to the loan applicant no later than March 20.

Step-by-step explanation:

The subject of this question is business.

Anytown Financial must deliver an adverse action notice to the loan applicant no later than March 20.

Therefore, the correct answer is option B - March 20.