Under ECOA, if a lender takes adverse action on a credit application, how long does the applicant have to request the specific reasons for denial?

Correct answer: 60 days

Under ECOA/Reg B, the adverse action notice must inform the applicant of their right to request specific reasons for denial. The applicant has 60 days from the date of the notice to make this request, and the creditor must respond within 30 days of receiving the request.