Equal Credit Opportunity Act. A federal law that prohibits lenders from discriminating against the borrower, in issues of race, gender, nationality, religion, color, or marital status.
Equal Credit Opportunity Act. Equity Escrow
Equal Credit Opportunity Act. A Federal law requiring lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, sex, age, marital status, receipt of income from public assistance programs or past exercising of rights under the Consumer Credit Protection Act.
Equal Credit Opportunity Act. A federal law that requires lenders to make credit equally available without regard to the applicant's race, color, religion, national origin, age, sex, or marital status; the fact that all or part of the applicant's income is derived from a public assistance program; or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
Equal Credit Opportunity Act. read full article
Equal Credit Opportunity Act. The Federal law of America ensures that every citizen of the country is entitled to the ECOA. The law ensures that the creditors practice no discrimination in the credit process based on age, race, color, creed, sex, religion, nationality, marital status or a candidate who earns from public assistance programs.
Equal Credit Opportunity Act. A federal law that requires lenders and other creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Equal Credit Opportunity Act. A federal law that prohibits discrimination by any lenders or other creditors on any credit transaction based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs.
A federal law enacted to insure that lenders make credit available without discrimination based on race, color, religion, age, sex, marital status, national origin or receipt from public-assistance programs.
EQUAL CREDIT OPPORTUNITY ACT. Passed in 1975, it is credited with giving women an equal ability to benefit from the use of credit. This legislation does not allow lenders to discriminate on the basis of gender or marital status. p 63, 66
Equal Credit Opportunity Act. Federal law prohibiting lenders from discrimination in lending 1) by reason of race, color, religion, national origin, sex, marital status or age, 2) because any income is derived from public assistance, or 3) because the applicant has exercised any rights under the Consumer Protection Act.
Equal Credit Opportunity Act. Federal law requiring creditors to make credit equally available without discrimination based on race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to contract), or because all of part of the applicant’s income is derived from any public assistance program, or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act (or any state law upon which an exemption has been granted by the Board of Governors of the Federal Reserve System).
A U.S. federal law preventing creditors and lenders from discriminating based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Equal Credit Opportunity Act. A federal law that requires lenders and other creditors to make credit equally available regardless of race, sex, color, religion, national origin, marital status, age of receipt of public assistance or the exercise of rights under the Consumer Credit Protection Act.
Equal Credit Opportunity Act. A U.S. federal law prohibiting discrimination in the extension of credit based on race, color, sex, age, national origin, religion, marital status, or source of income.
Equal Credit Opportunity Act. A federal law requiring that lenders offer credit decisions without discrimination based on race, color, religion, national origin, age, sex, or marital status.
Equal Credit Opportunity Act. Restriction
Equal Credit Opportunity Act. Also known as Regulation B. A federal law that prohibits a lender from discriminating in mortgage lending on the basis of race, color, religion, national origin, sex, marital status, age, income derived from public assistance programs, or previous exercise of Consumer Credit Protection Act rights.
EQUAL CREDIT OPPORTUNITY ACT. The Equal Credit Opportunity Act is a federal law requiring creditors to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status or receipt of income from public assistance programs.
Equal Credit Opportunity Act. A Federal Law that requires lenders and other creditors to offer available credit without discrimination based on color, race, religion, country of origin, age, sex, marital status or income received from a public assistance program.
Equal Credit Opportunity Act. A federal law prohibiting lenders from discriminating against applicants for credit.
Equal Credit Opportunity Act. Forbids discrimination in granting credit because of age, sex, marital status, religion, race, color, national origin, or receiving public assistance
Equal Credit Opportunity Act. A federal law that prohibits lenders from denying mortgages on the basis of the borrower's race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
Equal Credit Opportunity Act. Equitable Mortgage
Equal Credit Opportunity Act. A federal law (Title VII of the Consumer Credit Protection Act) enacted in 1974 requiring lenders to give businesses and consumers equal access to credit.
A federal law requiring lenders to loan without discrimination based on race, color, religion, national origin, age, sex, marital status or income from public assistance programs. Also called "Regulation B."
Equal Credit Opportunity Act. Part of the Consumer Credit Protection Act, prohibiting creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age and receipt of public assistance.
Equal Credit Opportunity Act. The Equal Credit Opportunity Act (ECOA) is a federal law that prohibits lenders from discrimination on the basis of race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs or the exercise of certain consumer rights.
Equal Credit Opportunity Act. A law created to ensure that lending institutions review all customers' credit applications on the same criteria and do not reject applications based on a person's race, marital status, sex, or other factors that do not affect a person's ability to repay a loan.
Equal Credit Opportunity Act. The act declaring the elimination of discrimination on the basis of age, sex, and race in finance.
Equal Credit Opportunity Act is a federal law that requires lenders to loan without discrimination based on race, color, religion, national origin, sex, marital status, age, income received from public assistance programs, or the fact that the applicant has exercised any right under the Consumer Credit Protection Act.
Equal Credit Opportunity Act. federal law making it illegal for any institutional lender to discriminate against any person that seeks a loan based upon race, color, religion, sex, national origin, age, or familial status.
Equal Credit Opportunity Act. Stands for the central rule that establishes that the moneylenders/creditors must offer loans to the borrower irrespective of their color, religion, race, nationality, and receipt of income, sex, age or marital status.
Equal Credit Opportunity Act. Federal legislation that prohibits discrimination in credit. The ECOA originally was enacted in 1974 as Title VII of the Consumer Credit Protection Act.
See Equal Credit Opportunity Act.
Equal Credit Opportunity Act. Federal law that prohibits a lender or other creditor from refusing to grant credit based on the applicant's sex, marital status, race, religion, national origin or age.
Equal Credit Opportunity Act. A federal law that protects consumers' rights against discrimination.
Equal Credit Opportunity Act. A federal law that deals with discrimination.
(Equal Opportunity Credit Act) - states that we do not discriminate when we offer credit or when we make a loan.
Equal Credit Opportunity Act. The federal law that requires creditors and lenders to make credit equally available without discrimination based on race, color, religion, national origin, age, sex, marital status, sexual preference or receipt of income from public assistance programs.
Equal Credit Opportunity Act. The Equal Credit Opportunity Act or ECOA is a federal law that prohibits lenders from discriminating based off of someoneâ€(tm)s race, color, religion, national origin, age, sex, marital status or if the person receives some type of financial assistance from a public source.
Equal credit opportunity act. The federal law that prohibits discrimination in the extension of credit because of race, color, religion, national origin, sex, age or marital status.
Equal Credit Opportunity Act. A federal law requiring all lenders and creditors to provide equal opportunities to those requesting credit, regardless of race, religion, color, national origin, sex, age, marital status or receipt of income from public assistance programs. ECOA also requires lenders to provide written notification to an applicant when his/her loan application cannot be approved as requested including the specific reasons for the decision.
Equal Credit Opportunity Act. A federal law requiring lenders and creditors to make credit available without discrimination based on race, color, religion, age, sex, national origin, marital status or the receipt of income from public assistance programs.
Equal Credit Opportunity Act. A federal law that requires lenders to loan without discrimination based on race, color, religion, national origin, sex, marital status or income from public assistance programs. Lenders are able to discriminate against credit risks that are known not to pay their bills.
Equal Credit Opportunity Act. A federal law that protects borrowers from discrimination when applying for loans. A lender can deny credit based only on valid business reasons.
Equal Credit Opportunity Act. Federal legislation passed in 1974 to ensure that the various financial institutions and other firms engaged in the extension of credit exercise their responsibility to make credit available with fairness and impartiality, and without discrimination on the basis of race, color, religion, national origin, sex or marital status, age, receipt of income from public assistance programs (food stamps, social security), and to ensure good-faith exercise of any right under the Consumer Credit Protection Act (creditor must state reasons for denial of credit). The act applies to all who regularly extend or arrange for the extension of credit. A real estate licensee is considered a creditor if the licensee routinely assists sellers in determining whether a proposed buyer in a land contract or purchase-money mortgage is creditworthy.
EQUAL CREDIT OPPORTUNITY ACT. A Federal act passed in 1974 that prohibits discrimination in lending on the basis of sex, marital status, race, color, religion, national origin, age or receipt of public assistance.
Standard abbreviation for Equal Credit Opportunity Act.
Equal Credit Opportunity Act. Federal law, which prohibits creditors from discriminating against credit applicants on the basis of sex, marital status, race, color, religion, age, and/or receipt of public assistance.
Equal Credit Opportunity Act. A federal law that prohibits discrimination in credit transactions on the basis of race, color, religion, national origin, sex, marital status, age, source of income or the exercise of any right under the Consumer Credit Protection Act.
Equal Credit Opportunity Act. A Federal law requiring creditors to make credit available without consideration as to race, sex, color, religion, national origin, age, marital status, or receipt of income from any public assistance program.
Equal Credit Opportunity Act. A federal law that states credit must be granted equally, regardless of race, color, gender, religion, ethnicity, age, marital status, or other factors.