Which of the Following Questions on a Credit Application Would

question 55

Multiple Choice

Which of the following questions on a credit application would be a violation of ECOA?

• A)asking about felony convictions
• B)asking address and length of residence
• C)asking whether the applicant is pregnant
• D)All of the above are violations.

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Definitions:

Ethical Rules

Guidelines that govern the conduct of individuals and organizations, ensuring actions align with moral principles and professional standards.

Walling-Off Procedures

Strategies used within organizations to prevent the exchange of confidential information between departments or individuals to avoid conflicts of interest.

Conflict-of-Interest Situation

A circumstance where an individual's personal interests could potentially interfere with their professional duties or responsibilities.

Expensive Jewelry

High-value personal adornments made from precious metals and stones, characterized by high cost and quality.