Under ECOA, a creditor evaluating an individual credit application from a qualified applicant may NOT:

Under ECOA, a creditor evaluating an

Multiple choice — select the best answer

AAsk whether income comes from alimony if the applicant relies on it
BConsider the applicant's credit history
CVerify the applicant's employment
DRequire a creditworthy applicant's spouse to co-sign solely because the applicant is married

✓ Correct answer: D. Require a creditworthy applicant's spouse to co-sign solely because the applicant is married ECOA prohibits requiring a spouse's signature when the applicant individually qualifies; a creditor may not condition credit on a spouse co-signing absent a legitimate need such as securing jointly owned collateral.

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Topic: Federal Mortgage Law

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Under ECOA, a creditor evaluating an individual credit application from a qualified applicant may NOT:

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