When evaluating income, lenders may not refuse to consider reliable __________ income the same way as other income.
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public assistance
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Under the Equal Credit Opportunity Act, lenders may not consider the __________ of the neighborhood when deciding to grant credit or set terms.
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racial composition
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Applicants have the right to know the _____________ why their application was rejected or why they received less favorable terms than requested.
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specific reason
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Answer DELETE "NEXT CARD" on the bottm right from the last flashcard
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Transcript
When evaluating income, lenders may not refuse to consider reliable __________ income the same way as other income.
Flip flashcard to reveal answer
The correct answer is...
public assistance
Back to Question
Next card
Under the Equal Credit Opportunity Act, lenders may not consider the __________ of the neighborhood when deciding to grant credit or set terms.
Flip flashcard to reveal answer
Previous card
The correct answer is...
racial composition
Next card
Back to Question
Applicants have the right to know the _____________ why their application was rejected or why they received less favorable terms than requested.
Flip flashcard to reveal answer
Previous card
The correct answer is...
specific reason
Back to Question
Question
Flip flashcard to reveal answer
Previous card
The correct answer is...
Answer
Next card
Back to Question
question
Flip flashcard to reveal answer
Previous card
The correct answer is...
Answer
Next card
Back to Question
question
Flip flashcard to reveal answer
Previous card
The correct answer is...
Answer DELETE "NEXT CARD" on the bottm right from the last flashcard
Back to Question