Finance
Under the Equal Credit Opportunity Act (ECOA), a Connecticut lender may NOT deny a mortgage application based on:
AThe applicant's debt-to-income ratio exceeding 50%
BThe applicant's credit score being below 620
CThe applicant's race, color, religion, national origin, sex, marital status, or age✓ Correct
DThe applicant having insufficient funds for the down payment
Explanation
ECOA prohibits credit discrimination based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. Lenders may deny credit for legitimate financial reasons such as poor credit or insufficient income.
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