0
Is the easiest type of lending discrimination for regulators to prove and the most difficult for lenders to defend?
Wiki User
∙ 11y ago
overt discrimination
Wiki User
∙ 11y ago
Yes, disparate treatment is the easiest type of lending discrimination for regulators to prove because it involves intentional discrimination based on a protected characteristic. Lenders may have a harder time defending against this type of discrimination as it is more straightforward to demonstrate.
Add your answer:
Earn +20 pts
What types of discrimination are unlawful in granting or denying credit?
Unlawful discrimination in granting or denying credit includes discrimination based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. Lenders are also prohibited from discriminating based on factors such as gender identity, sexual orientation, or disability.
Are money lenders legal in every state?
Money lending laws vary by state in the US. While money lending is legal in most states, each state has its own regulations and licensing requirements for lenders. It's important to research the laws in your specific state to ensure compliance.
Under the Equal Credit Opportunity act what ages are lenders prohibited from using to discriminate against borrowers when using their credit-scoring systems?
Age in general is a protected class without regard to specific ages (for legal adults). The protection was granted in part because of discrimination that was occurring against seniors. Seniors are the most targeted group and therefore benefit the most from the protection of the law. However, anyone who experiences age discrimination has legal recourse if the law has been violated. Minors are another matter. Due to state and/or federal laws minor's may not be allowed to be bound by or enter into contracts or be held liable for debts. Therefore they generally do not have credit and usually can not obtain loans or other financing.
Is Ohio a recourse state?
Yes, Ohio is a recourse state. This means that lenders in Ohio can pursue borrowers for any deficiency balance remaining after a foreclosure or repossession.
What is the name given to someone who borrows money?
The lender loans money to the borrower.The borrower takes the loan out with the lender.The borrower is then in debt (owes money) to the lender and the lender is in credit with the borrower and will want the borrower to pay him/her back.
How do you report a credit card company?
Most western countries have an authority that over sees financial companies. Banks, lenders, etc. Try a search in your country for financial regulators.
What lenders will give a mortgage on a mobile home?
Many will. -Easiest way to find out is by a LOCAL realtor who deals in Mobile Homes.
Is it difficult to get small business loans from local lenders?
In this economy it may be a bit more difficult then what it use to be. It is however still possible although it may require more colateral.
How can one compare the interest rate charged by mortgage lenders?
The easiest way to compare the interest rate charged by mortgage lenders is to use websites such as moneysupermarket and the website known as realtor. Alternatively using the National Consumer Agency website will allow you to compare interest rates.
What respected website can provide a list of bad credit lenders?
Bad credit lenders are a bit difficult to find right now with the current economic situation. You can try websites like, www.badcreditloanservices.com, but just be careful and do not put out any money.
Will having bad credit make it difficult for you to get a home loan?
A bad credit rating will make it difficult for you to get a home loan. Lenders don't want to lend money to people with low credit scores.
What a credit score of 650 mean?
It means you have a score a little below average and in the "fair" to "less than fair" range. Obtaining some types of credit may be difficult. Traditional lenders may not accept that score and alternative or specialty lenders may be required.
What is the definition of saver-lenders?
definition sever-lenders
What is individual money lenders?
Individual Money Lenders
What can be some of the disadvantages of dealing with direct payday lenders?
Some of the disadvantages of dealing with direct payday lenders are that they can be very expensive in the start and can turn even more expensive when paying back. It's also know that the requirements they have can lead to that it will be used by the people who will have the most difficult to handle the repayments.
When was The Money Lenders created?
The Money Lenders was created in 1981.
Secured Auto Loans Financing For People With Bad Credit?
If you are a looking for financing to buy a car but your credit history is bad, it may be difficult to get approved for by the traditional lenders. However, this does not mean you cannot entirely get financing. With increased competition in the auto financing sector, lenders have come up with solutions for people with bad credit. To easiest way to get financing with bad credit is to provide collateral for amount you are borrowing. The common forms of collateral accepted include house equity, property and business shares. If you have collateral, you can easily get approved for a bad credit secured loan.
