The act that states a business entity may not discriminate against a credit applicant on the basis of race,color,religion,national origin,age,sex,or marital status is the _____ Act.
A) Fair Credit Billing
B) Equal Credit Opportunity
C) Truth in Lending
D) Fair Debt Collection Practices

Question

Quizplus · Accepted Answer

The act described is the Equal Credit Opportunity Act, which prohibits discrimination in lending based on factors such as race, color, religion, national origin, age, sex, or marital status. The other options listed (Fair Credit Billing, Truth in Lending, Fair Debt Collection Practices) are all other consumer protection laws, but they do not address discrimination in lending.

The Act That States a Business Entity May Not Discriminate