lenders are prohibited from\n\nconsidering borrowers race, sex, and national origin.\nexplaining to…

lenders are prohibited from\n\nconsidering borrowers race, sex, and national origin.\nexplaining to borrowers why their application was rejected.\nusing borrowers information in a responsible manner.\nconsidering borrowers sources of income other than salary.

lenders are prohibited from\n\nconsidering borrowers race, sex, and national origin.\nexplaining to borrowers why their application was rejected.\nusing borrowers information in a responsible manner.\nconsidering borrowers sources of income other than salary.

Answer

Brief Explanations:

Under the Equal Credit Opportunity Act (ECOA), lenders are strictly prohibited from discriminating against applicants on the basis of race, color, religion, national origin, sex, marital status, or age. Lenders are actually required to explain why an application was rejected (adverse action notice) and are encouraged to consider all legal sources of income, such as public assistance or child support, to ensure fair access to credit.

Answer:

considering borrowers' race, sex, and national origin.