FinancingEASY
Which 1974 regulation provides equal credit application opportunity?
Correct Answer
B) Equal Credit Opportunity Act
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.
Answer Options
A
Civil Rights ActsB
Equal Credit Opportunity ActC
Credit Consumer ActD
Fair Housing ActVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
fair-housing-acttruth-in-lending-actmortgage-lending-regulations
Key Terms:
Equal Credit Opportunity ActECOARegulation Bcredit discriminationlending discrimination
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