Finance
In New Mexico, which federal law restricts the ability of lenders to discriminate in lending based on the age of the applicant?
AFair Housing Act
BEqual Credit Opportunity Act (ECOA)✓ Correct
CCommunity Reinvestment Act
DTruth in Lending Act
Explanation
ECOA prohibits lenders from discriminating in any aspect of credit based on age (provided the applicant is old enough to contract). A lender cannot deny credit solely because an applicant is elderly.
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