The Equal Credit Opportunity Act is very important to create and maintain a level playing field for obtaining and accessing credit, whether it be for a mortgage for a home, or a credit card, or an auto loan, or any banking type loan.
It protects the following classes:
Race
Sex
Color
National Origin
Marital Status
Religion
And if they are receiving public assistance
A lender CAN use: history of credit, bankruptcies, foreclosures, judgments, credit score, etc. in determining credit worthiness.
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