Equal Credit Opportunity Act (ECOA) /
Regulation B - CRCM Study Guide
2026/2027
Name the 9 bases identified in ECOA regarding prohibited discrimination - Correct answer✅✅ 1) Race
2) Sex
3) Marital Status
4) Color
5) Religion
6) National Origin
7) Age
8) Recipient of Public Assistance
9) Exercising Rights under Consumer Credit Act
ECOA covers which types of credit? - Correct answer✅✅ 1) Consumer Credit
2) Business Credit
True or False.
Action must not be intentionally discriminatory in order to be covered under ECOA? - Correct
answer✅✅ True
Effects test for ECOA - discrimination occurs when a creditor's action causes _________, ________
impact on ______ _______ - Correct answer✅✅ ...disproportionate, unfavorable, protected classes.
A _____ _____ _____ must exist that cannot be achieved via alternate method with less disparate
impact for a process to not be considered a violation against ECOA. - Correct answer✅✅ legitimate
business need
, Name the three step process for ECOA effects test under ECOA. - Correct answer✅✅ 1) Consumer
proves disproportionate adverse action
2) Creditor proves relationship between practice and creditworthiness
3) Consumer must show alternate policy or practice can achieve same result without adverse effect
True or False:
ECOA does not mention that a creditor cannot advertise in a way that would discourage applications on
a prohibited basis. - Correct answer✅✅ False
True or False:
A creditor may solicit from traditionally disadvantaged groups. - Correct answer✅✅ True
What is the definition of an application under ECOA? - Correct answer✅✅ Application is a written or
oral request for credit aligned with a creditor's process for a credit request.
True or False:
Any information entered into and retained in a computer system is considered an application under
ECOA? - Correct answer✅✅ True
What kind of loans require that an application be written? - Correct answer✅✅ Loans to purchase or
refinance a principal dwelling or secured by a dwelling.
When is an application considered completed under ECOA - Correct answer✅✅ When a creditor has
received the information it regularly considers in evaluation.
Disclosures for ECOA must be in a form ___ ____ ___ ___ (4 words). - Correct answer✅✅ the
consumer can keep.
Regulation B - CRCM Study Guide
2026/2027
Name the 9 bases identified in ECOA regarding prohibited discrimination - Correct answer✅✅ 1) Race
2) Sex
3) Marital Status
4) Color
5) Religion
6) National Origin
7) Age
8) Recipient of Public Assistance
9) Exercising Rights under Consumer Credit Act
ECOA covers which types of credit? - Correct answer✅✅ 1) Consumer Credit
2) Business Credit
True or False.
Action must not be intentionally discriminatory in order to be covered under ECOA? - Correct
answer✅✅ True
Effects test for ECOA - discrimination occurs when a creditor's action causes _________, ________
impact on ______ _______ - Correct answer✅✅ ...disproportionate, unfavorable, protected classes.
A _____ _____ _____ must exist that cannot be achieved via alternate method with less disparate
impact for a process to not be considered a violation against ECOA. - Correct answer✅✅ legitimate
business need
, Name the three step process for ECOA effects test under ECOA. - Correct answer✅✅ 1) Consumer
proves disproportionate adverse action
2) Creditor proves relationship between practice and creditworthiness
3) Consumer must show alternate policy or practice can achieve same result without adverse effect
True or False:
ECOA does not mention that a creditor cannot advertise in a way that would discourage applications on
a prohibited basis. - Correct answer✅✅ False
True or False:
A creditor may solicit from traditionally disadvantaged groups. - Correct answer✅✅ True
What is the definition of an application under ECOA? - Correct answer✅✅ Application is a written or
oral request for credit aligned with a creditor's process for a credit request.
True or False:
Any information entered into and retained in a computer system is considered an application under
ECOA? - Correct answer✅✅ True
What kind of loans require that an application be written? - Correct answer✅✅ Loans to purchase or
refinance a principal dwelling or secured by a dwelling.
When is an application considered completed under ECOA - Correct answer✅✅ When a creditor has
received the information it regularly considers in evaluation.
Disclosures for ECOA must be in a form ___ ____ ___ ___ (4 words). - Correct answer✅✅ the
consumer can keep.
