When helping a loan officer determine whether the bank must give a written adverse action notice to a business loan appl
Posted: Thu Jul 21, 2022 8:51 pm
When helping a loan officer determine whether the bank must give a written adverse action notice to a business loan applicant, what should the compliance officer consider?
A. Current net income
B. Gross revenue for the preceding year
C. Length of time the applicant has been in business
D. Type of business entity (that is, corporation, partnership, or sole proprietorship)
A. Current net income
B. Gross revenue for the preceding year
C. Length of time the applicant has been in business
D. Type of business entity (that is, corporation, partnership, or sole proprietorship)