Which of the following questions on a credit application violates the ECOA?
A)"List your place of employment."
B)"Other sources of income - if you wish to have them considered in your credit evaluation."
C)"Length of time in current residence."
D)"Monthly child support income."

Question

Quizplus · Accepted Answer

The question about monthly child support income violates the Equal Credit Opportunity Act (ECOA) by discriminating against applicants based on their familial status. The lender cannot legally inquire about child support income as it is seen as discriminatory towards those who receive it.

Which of the Following Questions on a Credit Application Violates