The Equal Credit Opportunity Act (ECOA) prohibits discrimination in credit transactions on the basis of which factor?

The Equal Credit Opportunity Act (ECOA)

Multiple choice — select the best answer

ARace, color, religion, national origin, sex, marital status, age, or receipt of public assistance
BThe applicant's credit score
CThe applicant's debt-to-income ratio
DThe amount of the down payment

✓ Correct answer: A. Race, color, religion, national origin, sex, marital status, age, or receipt of public assistance ECOA, implemented by Regulation B, bars discrimination based on the listed protected classes. Legitimate creditworthiness factors such as credit score and DTI may still be used.

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The Equal Credit Opportunity Act (ECOA) prohibits discrimination in credit transactions on the basis of which factor?

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