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is it legal for a creditor to deny credit based on age or marital status

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15y ago

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It is legal for a creditor to deny an applicant credit based on martial status or age?

Yes


What law made illegal creditors to deny credit on the basis of marital status?

The Equal Credit Opportunity Act made it illegal for creditors to deny credit based on marital status. This law prohibits discrimination on the basis of marital status, among other factors, in the extension of credit.


What types of discrimination are unlawful in granting or denying credit?

The Equal Credit Opportunity Act prohibits a creditor from discrimination in granting or denying credit. Discrimination is unlawful based on race or color, national origin, sex, marital status, age, religion, or public assistance status.


Has the applicant ever been married and if so, does this information need to be included on the passport application form?

Yes, the applicant's marital status needs to be included on the passport application form if they are currently married.


Arnold Palmer marital status?

palmer marital status


What act prohibits discrimination on the basis of race color nationality sex marital status or age in the granting of credit?

The Equal Credit Opportunity Act (ECOA) prohibits discrimination on the basis of race, color, national origin, sex, marital status, or age in any aspect of a credit transaction, including application, terms, and extension of credit.


Is marital status nominal data?

Yes, marital status is nominal data.


What was Amalie Emmy Noether's marital and family status?

marital and family status


What is the function of the Equal Credit Opportunity Act?

The Equal Credit Opportunity Act prohibits discrimination in credit transactions on the basis of marital status, race, sex, and so forth.


Is marital status a nominal data?

Yes, marital status is nominal data.


Why does an individual's marital status has an effect on disease?

Why an individual's marital status has an effect on disease


Are you currently engaged, and if so, what is your marital status?

I am not currently engaged, and my marital status is single.