FinancingFederal_regulationsEASY
ECOA prohibits lending discrimination based on:
Correct Answer
B) Race, color, religion, national origin, sex, marital status, age, or receipt of public assistance
The Equal Credit Opportunity Act prohibits discrimination based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
Answer Options
A
Credit scoreB
Race, color, religion, national origin, sex, marital status, age, or receipt of public assistanceC
Debt-to-income ratioD
Employment lengthWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Financing Question
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Background Knowledge for Financing
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Related Topics & Key Terms
Related Topics:
Fair-Housing-Act-comparisonlegitimate-underwriting-criteriaRegulation-BCFPB-enforcement
Key Terms:
ECOAEqual Credit Opportunity Actmarital statuspublic assistanceagelending discriminationRegulation BFHA comparison
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