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Financing

Financing Practice Question

Which 1974 regulation provides equal credit application opportunity?
A
Civil Rights Acts
B
Equal Credit Opportunity Act
C
Credit Consumer Act
D
Fair Housing Act
Explanation

The Equal Credit Opportunity Act (ECOA) of 1974 prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.

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