Equal Credit Opportunity Act (ECOA)
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- A federal law that requires lenders to make credit equally available without regard to the applicant's race, color, religion, national origin, age, sex, or marital status; the fact that all or part of the applicant's income is derived from a public assistance program; or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
Federal Trade Commission - Cite This Source - This Definition - A federal law requiring lenders to make credit available equally without discrimination based on race, color, religion, national origin, age, sex, marital status, or receipt of income from public assistance programs.
US Department of Housing and Urban Development - Cite This Source - This Definition - Equal Credit Opportunity Act, Fair Housing Act, Truth in Lending Act (TILA)