The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race,national origin,religion,or sex,but it is permissible to treat a borrower differently if he or she is on welfare.

Question

Quizplus · Accepted Answer

It is illegal for a lender to discriminate against a potential borrower based on several factors including race, national origin, religion, sex, age, and marital status. Being on welfare is not a permissible reason to treat a borrower differently.

The Equal Credit Opportunity Act Makes It Illegal for a Lender