Equal Credit Opportunity Act

Definition of "Equal Credit Opportunity Act"
  1. Federal legislation that bans creditors from discrimination against applicants based on race, color, sex, religion, national origin, marital status, age, receiving public assistance, or asserting rights under the Consumer Credit Protection Act
How to use "Equal Credit Opportunity Act" in a sentence
  1. Under the Equal Credit Opportunity Act, the bank was fined for denying loans to applicants based on their age.
  2. The Equal Credit Opportunity Act protects people receiving public assistance from being unfairly denied credit.
  3. Exercising her rights under the Consumer Credit Protection Act, she could not be discriminated against due to the Equal Credit Opportunity Act.

Provide Feedback
Browse Our Legal Dictionary
# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z