Finance
The Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating based on all of the following EXCEPT:
ARace
BCredit score✓ Correct
CSex
DNational origin
Explanation
ECOA prohibits credit discrimination based on race, color, religion, national origin, sex, marital status, age, and receipt of public assistance — but lenders CAN use creditworthiness factors like credit scores.
Related Georgia Finance Questions
- Which federal agency oversees and regulates Fannie Mae and Freddie Mac?
- A lender who uses a deed to secure debt in Georgia is exercising what type of legal theory for foreclosure?
- Which of the following federal laws requires the lender to provide a Closing Disclosure at least three business days before closing?
- A conventional mortgage loan is one that is:
- A Georgia USDA Rural Development loan is designed for:
- Under RESPA, which payment is prohibited?
- An adjustable-rate mortgage (ARM) differs from a fixed-rate mortgage in that:
- USDA Rural Development loans are available to:
Practice More Georgia Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Georgia Quiz →