Question
Lenders are prohibited from
A: considering borrowers’ race, sex, and national origin.
B: explaining to borrowers why their application was rejected.
C: using borrowers’ information in a responsible manner.
D: considering borrowers’ sources of income other than salary.
A: considering borrowers’ race, sex, and national origin.
B: explaining to borrowers why their application was rejected.
C: using borrowers’ information in a responsible manner.
D: considering borrowers’ sources of income other than salary.
Answers
GPT-4o mini
The correct answer is:
A: considering borrowers’ race, sex, and national origin.
Lenders are prohibited from discriminating against borrowers based on these factors under laws such as the Equal Credit Opportunity Act (ECOA).
A: considering borrowers’ race, sex, and national origin.
Lenders are prohibited from discriminating against borrowers based on these factors under laws such as the Equal Credit Opportunity Act (ECOA).