Question: How does the Equal Credit Opportunity Act reduce discrimination?

How does the Equal Credit Opportunity Act reduce discrimination?

Step by Step Solution

★★★★★

3.49 Rating (169 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

By limiting ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (2 attachments)

PDF file Icon

1524_605d88e18078e_675633.pdf

180 KBs PDF File

Word file Icon

1524_605d88e18078e_675633.docx

120 KBs Word File

Students Have Also Explored These Related Real Estate Principles Questions!

Q:

What is the Equal Credit Opportunity Act?

Q:

Voluntary/Contract-Based Arbitration The contract arising from Randolph's purchase and financing of a mobile home contained an arbitration clause covering all disputes that might arise. When a...

Q:

How did the Equal Credit Opportunity Act and the Community Reinvestment Act address discrimination?

Q:

The Equal Credit Opportunity Act prohibits discrimination in a number of critical areas, for example, age is one of them, name 3 other areas where discrimination is prohibited: 2 When completing an...

Q:

1 The Equal Credit Opportunity Act prohibits discrimination in a number of critical areas, for example, age is one of them, name 3 other areas where discrimination is prohibited. 2 When completing an...

Q:

Q23 - The Equal Credit Opportunity Act prevents discrimination in all the following except: Select one: a. taking the application b. investigating credit history c. making the loan decision d....

Q:

The fedral Equal Credit Opportunity Act prohibits discrimination in the granting of credit because of an applicant's O A sexual orientation. O B. being a minor. O C. having reached retirement age. O...

Q:

mortgage, closing and settlement 5. The Equal Credit Opportunity Act prohibits discrimination in lending on the basis of O A. credit history. O B. race and national origin only D C. race, sex, or...

Q:

The federal Equal Credit Opportunity Act prohibits discrimination in the granting of credit because of an applicant's A . being a minor: B . health circumstance. C . erratic employment history. D ....

Q:

The Equal Credit Opportunity Act prohibits discrimination in the lending process based on A. race B. religion C. marital status D. All of the above this is finance real estate

Q:

Choose a service firm in Fiji and discuss the importance of costing its services explain it in detail.

Q:

Akshita runs a construction company called Underground Solutions Pty Ltd (US) that specialises in tunneling. Every employment contract at US contains the following clause: No employee can use the...

Q:

Identify the principles of internal control by selecting the correct answers below. Match revenues with expemes in the same accounting period. Foiform reguts and independent teviewt. Maintalin...

Q:

=+b. Suppose we had read a sign on the way into the theater stating Satisfaction Guaranteed! Dont like the movie half way throughsee the manager and get your money back! How does this change your...

Q:

Why do monthly mortgage payments increase so sharply during periods of inflation? What does the tilt effect have to do with this?

Q:

Define amortization. List the five types discussed in this chapter.

Q:

A fully amortizing mortgage loan is made for $80,000 at 6 percent interest for 25 years. Payments are to be made monthly. Calculate: a. Monthly payments. b. Interest and principal payments during...

Q:

The Drillago Company is involved in searching for locations in which to drill for oil. The firm's current project requires an initial investment of $15 million and has an estimated life of 10 years....

Q:

The options for the first part are as follows:

Q:

The company Youphone is expected to generate $48 million in FCFF next year. The firm currently is extremely over-levered with a debt to equity ratio of 4:1. The beta of the stock is now 2.72 and the...