ECOA

ECOA
USA
A federal statute that prohibits creditors from discriminating in any aspect of a credit transaction on the basis of an applicant's race, color, religion, national origin, sex, marital status or age (if the applicant is legally capable of entering a contract). It also prohibits discrimination based on the applicant deriving income from a public assistance program. The law is designed to regulate all entities who participate in credit decisions in their ordinary course of business, such as banks, retailers, credit unions and credit card issuers.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • ECOA — Equal Credit Opportunity Act (ECOA Pronounced ee) A Federal statute that makes it illegal for creditors to discriminate in any aspect of a credit transaction on the basis of sex, marital status, age, race, national origin, color, religion,… …   Financial and business terms

  • ECOA — Equal Credit Opportunity Act (Community » Law) * Enemy Courses of Action (Governmental » Military) …   Abbreviations dictionary

  • ECOA —   An acronym for Equal Credit Opportunity Act …   International financial encyclopaedia

  • Equal Credit Opportunity Act - ECOA — A regulation created by the U.S. government that aims to give all legal individuals an equal opportunity to apply for loans from financial institutions and other loan granting organizations. Individuals cannot be discriminated upon via factors… …   Investment dictionary

  • Mortgage discrimination — or mortgage lending discrimination is the practice of banks, governments or other lending institutions denying loans to one or more groups of people primarily on the basis of race, ethnic origin, sex or religion. One of the most notable instances …   Wikipedia

  • Business ethics — For the episode from the American television series The Office, see Business Ethics (The Office). Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical… …   Wikipedia

  • Property discrimination — In today’s world, housing is more than just shelter; it is the largest asset that people have and the largest predictor of future success. Many do not make the connection between housing, education, and employment. Housing is the source of wealth …   Wikipedia

  • Defuzzification — is the process of producing a quantifiable result in fuzzy logic, given fuzzy sets and corresponding membership degrees. It is typically needed in fuzzy control systems. These will have a number of rules that transform a number of variables into… …   Wikipedia

  • Equal Credit Opportunity Act — The Equal Credit Opportunity Act (ECOA) is a United States law (codified at usc|15|1691 et seq.), enacted in 1974, that makes it unlawful for any creditor to discriminate against any applicant, with respect to any aspect of a credit transaction,… …   Wikipedia

  • Intelligence dissemination management — This article is part of a series on intelligence cycle management, and deals with the dissemination of processed intelligence. For a hierarchical list of articles, see the intelligence cycle management hierarchy. It is a classic maxim of… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”