Equal Credit Opportunity Act (ECOA)

Federal law that prohibits a lender or other creditor from refusing to grant credit based on the applicant’s sex, marital status, race, religion, national origin, or age, or because the applicant receives public assistance.

Related Terms:

1. Abut
2. Affidavit
3. Consumer Credit Counseling Service (CCCS
4. Credit Rating
5. Eminent Domain