When must a creditor provide an adverse action notice on a denied loan modification?

A. A creditor must provide an adverse action notice on all denied loan modifications.
B. A creditor must provide an adverse action notice only to a borrower whose account is currently delinquent or in default.
C. A creditor must provide an adverse action notice to a borrower whose account is not currently delinquent or in default.
D. A creditor must provide an adverse action notice only if the denial for loan modification was for providing principal forbearance.

A creditor must provide an adverse action notice on all denied loan modifications to comply with the requirements of the Equal Credit Opportunity Act (ECOA) and the Fair Credit Reporting Act (FCRA).

This notice must be given to individuals who have been denied credit or suffered other adverse action based on information in a credit report. The notice must include the reasons for the adverse action and information on how to obtain a free copy of the credit report that influenced the decision.

Learn more about Adverse Action Notice on Denied Loan Modifications here:

https://brainly.com/question/40874198