Fair Housing
What is the 'Equal Credit Opportunity Act' (ECOA) and how does it relate to fair housing in Nevada?
AECOA is the same as the Fair Housing Act
BECOA prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance — it complements fair housing law by ensuring equal credit access, including mortgage lending, in Nevada✓ Correct
CECOA only applies to business credit, not residential mortgages
DECOA is a Nevada state law with no federal counterpart
Explanation
ECOA (Regulation B) prohibits discrimination in all credit transactions, including mortgages, based on race, color, religion, national origin, sex, marital status, age, and receipt of public assistance. It works in tandem with the Fair Housing Act — the FHA addresses housing access while ECOA addresses credit access. In Nevada, ECOA complaints about mortgage lending discrimination (like requiring larger down payments from minority applicants) may be filed with the CFPB or a private lawsuit.
Related Nevada Fair Housing Questions
- Which of the following is an example of a reasonable accommodation under the Fair Housing Act for a Nevada tenant with a disability?
- Under fair housing law, a reasonable accommodation for a person with a disability means:
- What is an 'integrated neighborhood' as defined under fair housing principles?
- What is 'steering' in real estate and how does Nevada law address it?
- What is a 'reasonable modification' under the Fair Housing Act and who pays for it in Nevada?
- What is the maximum civil money penalty for a first fair housing violation by a private individual under the Fair Housing Act?
- What is the HUD complaint process in Nevada for a fair housing violation?
- A Nevada landlord advertises 'perfect for young professionals' in their rental listing. Is this a fair housing concern?
Practice More Nevada Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Nevada Quiz →