Question

Which of the following lenders does not commit a violation?

A. Helen requires a cosigner even if the applicant meets the credit standards.
B. Joseph assumes that the submission of a joint financial statement indicates an application for joint credit.
C. Linda requires the signature of an applicant's spouse to perfect the security interest in the loan collateral.
D. Mario requires the applicant's spouse to cosign when an applicant is not creditworthy.

Answer 1

Joseph assumes that the submission of a joint financial statement indicates an application for joint credit.

Step-by-step explanation:

Among the options provided, the lender that does not commit a violation is Joseph. This is because Joseph assumes that the submission of a joint financial statement indicates an application for joint credit. Requiring a joint financial statement for joint credit is a standard practice in the financial capital market to assess the creditworthiness of both individuals. It does not violate any regulations or discriminatory practices.