The Equal Credit Opportunity Act Makes It Illegal for a Lender

question 32

True/False

The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race,national origin,religion,or sex,but it is permissible to treat a borrower differently if he or she is on welfare.

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Definitions:

Manual Motor Starters

Devices used to manually start and stop motors, providing protection against overloads by breaking the circuit.

Magnetic Motor Starters

Electromagnetic devices used to start and stop motors, providing protection against overloads by incorporating both a contactor and overload relay.

Overload Unit

A component in an electrical system designed to protect motors and circuits from damage due to excess current flow.

Adequate Protection

Safety measures or devices that ensure a system or equipment is safeguarded against electrical or mechanical failures.