Certified Regulatory Compliance Manager (CRCM) — Question 130

Which of the following actions is NOT an adverse action?

Answer options

• A. Refusal to grant credit on substantially the same terms and conditions as requested by the applicant
• B. Termination of an account
• C. Refusal to grant credit on the grounds that the lender does not offer the type of credit requested
• D. Refusal to increase the amount of credit on an existing account after a request

Correct answer: C

Explanation

The correct answer is C because it describes a situation where the lender simply does not offer the requested credit type, which does not reflect negatively on the applicant. Options A, B, and D all involve actions that negatively affect the applicant's access to credit, thus qualifying as adverse actions.