Finance
Which federal law prohibits lenders from discriminating in lending based on race, color, national origin, sex, religion, familial status, or disability?
ARESPA
BTILA
CThe Equal Credit Opportunity Act and Fair Housing Act✓ Correct
DThe Community Reinvestment Act
Explanation
Both the Equal Credit Opportunity Act (ECOA) and the Fair Housing Act prohibit discriminatory lending practices based on protected characteristics. These laws apply to all lenders including Montana lenders.
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