Asked by k
Lenders are prohibited from
considering borrowers’ race, sex, and national origin.
explaining to borrowers why their application was rejected.
using borrowers’ information in a responsible manner.
considering borrowers’ sources of income other than salary.
All Answers 1
Answered by
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considering borrowers’ race, sex, and national origin.
Federal fair-lending laws (e.g., the Equal Credit Opportunity Act and Fair Housing Act) prohibit creditors from discriminating on the basis of race, color, religion, national origin, sex, marital status, age, receipt of public assistance, etc.
Federal fair-lending laws (e.g., the Equal Credit Opportunity Act and Fair Housing Act) prohibit creditors from discriminating on the basis of race, color, religion, national origin, sex, marital status, age, receipt of public assistance, etc.
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