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Under the Equal Credit Opportunity Act

Question 29

Multiple Choice

Under the Equal Credit Opportunity Act:


A) alimony received and child support payments are not considered sources of income.
B) questions concerning plans for children should be asked before sanctioning credit.
C) if the credit is refused, the creditor, on demand, must disclose the reasons for rejection.
D) the creditor must ask all credit applicants for a statement of marital status.
E) a spouse is required to cosign irrespective of the other spouse's creditworthiness.

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