It is lawful to refuse to extend credit to a consumer based on the consumer's:

Question

Quizplus · Accepted Answer

Refusing to extend credit based on race, marital status, or age is unlawful and violates the Equal Credit Opportunity Act (ECOA). However, it is lawful to refuse credit based on the consumer's credit history, which reflects their creditworthiness and ability to repay the debt. Lenders use this information to make informed decisions about whether to extend credit and at what terms.

It Is Lawful to Refuse to Extend Credit to a Consumer