statement of reasons is the Federal Equal Credit Opportunity Act (ECOA) (Title VII of the Consumer Protection Act) requires that a lender/creditor who denies an application for credit must provide the applicant with a statement of reasons, or written notification of the applicant's right to obtain a statement of reasons, within thirty days after receipt of a completed application for credit,. (See Equal Credit Opportunity Act).
Barry Goldsmith
| APA | Barry Goldsmith. (2010). statement of reasons. Retrieved September 23, 2026, from http://smartdefine.org/statement_of_reasons/definitions/1164135 |
| Chicago | Barry Goldsmith. 2010. "statement of reasons" http://smartdefine.org/statement_of_reasons/definitions/1164135 (accessed September 23, 2026). |
| Harvard | Barry Goldsmith 2010, statement of reasons, Smart Define, viewed 23 September, 2026, <http://smartdefine.org/statement_of_reasons/definitions/1164135>. |
| MLA | Barry Goldsmith. "statement of reasons" 21 October 2010. Web. 23 September 2026. <http://smartdefine.org/statement_of_reasons/definitions/1164135> |