Which of the following are guidelines lenders must follow under the Equal Credit Opportunity Act (ECOA) ?
A) lenders cannot use sex or marital status in credit scoring
B) lenders cannot deny a borrower because of low income
C) lenders cannot discount part-time employment
D) lenders must provide explicit reasons for denying credit
E) lenders cannot inquire about a potential borrower's childbearing capability, intentions, or anticipated absence as a consequence of those
Correct Answer:
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Q8: Which of the following are ways in
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