Finance
In New York, the 'Equal Credit Opportunity Act' (ECOA) prohibits lenders from discriminating in credit decisions based on:
AOnly race and national origin
BRace, color, religion, national origin, sex, marital status, age, and receipt of public assistance income✓ Correct
COnly the characteristics protected by the Fair Housing Act
DCredit history and income level
Explanation
The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any aspect of a credit transaction based on race, color, religion, national origin, sex, marital status, age (provided the applicant has capacity to contract), and the fact that all or part of the income comes from public assistance. These protections apply to all credit decisions, including mortgage loans.
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