The Equal Credit Opportunity Act Prohibits Which of the Following

question 127

Multiple Choice

The Equal Credit Opportunity Act prohibits which of the following?

• A)Basing the credit decision on the receipt of public assistance income.
• B)Basing the credit decision on a bankruptcy of five years ago.
• C)Basing the credit decision on the fact that the applicant was in prison for a felony three years ago.
• D)Basing the credit decision on unemployment.

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Definitions:

Circadian Rhythm

The physical, mental, and behavioral changes that follow a daily cycle, responding primarily to light and darkness in an organism's environment.

Level of Awareness

The extent to which an individual is conscious of aspects of their environment or personal experiences.

Automatic Processing

The ability of the brain to perform tasks with little or no conscious thought, often developed through repetitive practice and learning.

Complete Lack

The total absence of a certain element, quality, or substance.