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B. Equal Credit Opportunity Act (ECOA), 12 CFR Part 1002 (Regulation B), Qu/ LATEST EXAM PREDICTIONS UPDATES, APPROVED. estions and answers, verified/

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B. Equal Credit Opportunity Act (ECOA), 12 CFR Part 1002 (Regulation B), Questions and answers, verified/ ECOA when was it enacted - -1974 1. Subtopics a. Factors that cannot be used to discriminate - -Race Color Religion National origin Sex Marital status Age, as long as the loan applicant is old enough to enter a contract Receipt of income from a public assistance program Exercise of rights under the Consumer Credit Protection Act, which includes the Truth- in-Lending Act 1. Subtopics b. Notifying borrower of action taken - -Within 30 days of receipt of a loan or credit application, lenders must notify consumers in writing

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  • b equal credit opportunity act ecoa 12 cfr pa
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