Question

who among the following could be legally denied credit under the equal credit opportunity act (ecoa)? a woman with a low credit score, who is applying for a home loan. an atheist who is seeking a car loan from a bank that primarily serves churches. a man seeking a credit builder loan from a credit union focused on female customers. an indigenous man with excellent credit, cosigning his daughters student loans. question 6/10

Explanation:

The Equal Credit Opportunity Act (ECOA) prohibits discrimination in credit transactions based on race, color, religion, national origin, sex, marital status, or age. A woman with a low - credit score applying for a home loan can be denied credit based on her creditworthiness, which is a legitimate non - discriminatory factor under ECOA. The other scenarios involve potential discriminatory factors such as gender (a credit union focused on female customers), religion (an atheist seeking a car loan from a bank that primarily serves churches), and national origin (an indigenous man with excellent credit cosigning for his daughter's student loans) that would be illegal under ECOA if used as a basis for denial.

Answer:

A woman with a low credit score, who is applying for a home loan