Florida Psychology Laws And Rules Practice Exam

Access More Questions

A mortgage loan originator (MLO) is prohibited from discriminating against an applicant based on race, color, religion, national origin, sex, marital status, or age. This protection is primarily provided by which federal act?

Truth in Lending Act (TILA) Home Mortgage Disclosure Act (HMDA) Equal Credit Opportunity Act (ECOA) Fair Credit Reporting Act (FCRA)

Correct Answer:

Equal Credit Opportunity Act (ECOA)

Explanation:

The Equal Credit Opportunity Act (ECOA) prohibits discrimination in any credit transaction based on protected characteristics such as race, color, religion, national origin, sex, marital status, or age.

Access more questions from this quiz

Continue to Florida Psychology Laws and Rules Practice Exam for more practice questions and the full quiz experience.

Access More Questions