WebThe Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction. It applies to any extension of credit, including extensions of credit to small … WebJan 23, 2012 · Answer: There are nine prohibited factors under the ECOA. Most people are familiar with seven of them: gender, race, color, religion, national origin, marital status …
MLO Flash Card Set 2 Federal Law Flashcards Quizlet
WebEqual Credit Opportunity Act (ECOA)? 2 years. If a borrower is denied a loan request due to the credit score not meeting lender's guideline, what ... Physical Characteristics. Entities making residential mortgage loans must maintain records or other data relating to those loans for a period of no less than _____, in order to _____. ... WebYou should know that the Federal Equal Credit Opportunity Act prohibits creditors, such as ourselves, from discriminating against credit applicants on the basis of their race, color, … hydrology sup
ECOA Flashcards Quizlet
WebMay 23, 2007 · Detecting the Signs of Credit Discrimination. You are treated differently in person than on the phone or online. You are discouraged from applying for credit. You hear the lender make negative comments about race, national origin, sex, or other protected … Regulation B is a regulation intended to prevent applicants from being … WebIt is also an offence to discriminate against a person who you perceive may have one of the nine protected characteristics. The nine characteristics broken down. To understand how the nine characteristics are … WebJan 20, 2024 · Web-hosted eCOA solutions help reduce the development timeline and provide faster results. These solutions are helpful in the administration of clinical trials. For instance, the web-hosted eCOA ... hydrology trivia