### Question
How is the term adverse action defined?


### Answer
The term **adverse action** is defined in *15 U.S.C. § 1691* as the following:

> a denial or revocation of credit, a change in the terms of an existing credit arrangement, or a refusal to grant credit in substantially the amount or on substantially the terms requested

#### Citation:
  - *15 U.S.C. § 1691*
  - Heading: **CHAPTER 40-DEPARTMENT OF COMMERCE > SUBCHAPTER IV-EQUAL CREDIT OPPORTUNITY**

