FinancingLending_discriminationMEDIUM
Which phrase describes race, color, religion, national origin, sex, marital status, age, public-assistance income, and lawful exercise of consumer credit rights under ECOA?
Correct Answer
D) A prohibited basis under ECOA
A prohibited basis under ECOA is correct because the facts match a protected characteristic on which a creditor generally may not base a credit decision. That is the best description of the relationship, right, or legal concept tested here.
Answer Options
A
Equal Credit Opportunity Act (ECOA)B
Illegal steering in lendingC
Applicant's right to reasons for adverse credit actionD
A prohibited basis under ECOAWhy This Is the Correct Answer
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Related Topics & Key Terms
Key Terms:
lending_discriminationfinancingecoaprotected_basis
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