Under the Equal Credit Opportunity Act, for which of the following is it illegal for a bank to discriminate against borrowers?
A)The applicant's income
B)The applicant's credit history
C)The applicant's national origin
D)The applicant's job history
E)A civil judgement against the applicant

Question

Quizplus · Accepted Answer

The Equal Credit Opportunity Act prohibits discrimination on the basis of national origin, among other factors. It is illegal for a bank to deny a loan or offer less favorable terms to an applicant because of their national origin. Discrimination based on income, credit history, job history, and civil judgments may be allowed in certain circumstances, such as when assessing the borrower's ability to repay the loan.

Under the Equal Credit Opportunity Act, for Which of the Following