Multiple Choice
In Processing and evaluating applications-12 CFR 202.6, protected income part is also under discussion. Which of the following considerations is NOT its part?
A) Public assistance income may not consider whether an applicant's income is from a public assistance source
B) Public assistance income may consider as it relates to another pertinent element of creditworthiness
C) May consider length of time public assistance income will be received, whether the applicant will continue to qualify for the income, and whether the income can be garnished
D) Can discount or refuse to consider the following: Part-time income Annuities Pensions Retirement benefits Alimony, child support, and separate maintenance payments to the extent they are likely to be consistently made
Correct Answer:
Verified
Correct Answer:
Verified
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