Finance
Under the Equal Credit Opportunity Act (ECOA), a lender may NOT use which factor in making a credit decision?
ACredit score and payment history
BIncome and employment stability
CRace, color, religion, national origin, sex, marital status, or age✓ Correct
DDebt-to-income ratio
Explanation
ECOA prohibits lenders from using race, color, religion, national origin, sex, marital status, age (if the applicant is of legal age), or the receipt of public assistance income as a basis for credit decisions. Lenders must evaluate applicants based on creditworthiness factors like income, credit history, and debt ratios.
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