Fair Housing
What is the Equal Credit Opportunity Act (ECOA) and how does it protect Nevada borrowers?
AIt sets maximum interest rates for Nevada home loans
BIt prohibits creditors from discriminating against loan applicants based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance✓ Correct
CIt requires all Nevada lenders to offer equal loan amounts to all applicants
DIt guarantees equal home values across Nevada neighborhoods
Explanation
ECOA prohibits credit discrimination based on race, color, religion, national origin, sex, marital status, age (over 18), or receipt of public assistance. Nevada lenders must comply with ECOA in all aspects of the credit evaluation process.
Related Nevada Fair Housing Questions
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- What is the Nevada definition of 'sex' as a protected class under fair housing law?
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- What is a protected class under Nevada's additional fair housing protections beyond federal law?
- A landlord tells a Black applicant that the available apartment was 'just rented' but later rents it to a White applicant who applied after. This is an example of:
- A Nevada landlord refuses to rent to an applicant because the applicant has a record of a prior marijuana-related conviction. Is this lawful in Nevada?
- Which of the following properties is generally exempt from the federal Fair Housing Act?
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