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The equal credit opportunity act of 1974 made it illegal to deny credit to someone because of what?
Wiki User
∙ 10y ago
race
Wiki User
∙ 10y ago
The Equal Credit Opportunity Act of 1974 made it illegal to deny credit to someone because of their race, color, religion, national origin, sex, marital status, age, or reliance on public assistance. This act aimed to prevent discrimination in access to credit and financial services.
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What law made illegal creditors to deny credit on the basis of marital status?
The Equal Credit Opportunity Act made it illegal for creditors to deny credit based on marital status. This law prohibits discrimination on the basis of marital status, among other factors, in the extension of credit.
Is it legal to use a child's name to obtain credit?
No, it is illegal to use a child's name to obtain credit. This is considered identity theft and can have serious legal consequences.
When was the Equal Opportunity Credit Act established?
The Equal Credit Opportunity Act was established in 1974. It prevents lenders from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
When is it illegal for someone to do a background check on you?
In general, it is illegal for someone to do a background check on you without your knowledge, consent, or a legitimate reason, such as for employment or rental screening purposes. Additionally, the Fair Credit Reporting Act (FCRA) sets guidelines for when and how background checks can be conducted lawfully.
How does the equal credit opportunity act guarantee fairness?
The Equal Credit Opportunity Act ensures fairness by prohibiting lenders from discriminating against applicants based on factors such as race, color, religion, national origin, sex, marital status, age, or receiving public assistance. This helps to provide all individuals with an equal opportunity to access credit and loans.
How do you transfer money from someone elses credit card?
You don't, because that would be illegal.
Is it illegal to request someone elses credit report?
No. This is done all the time by creditors.
What happens when your under the age of 18 and you enter a credit contract?
In most countries it is illegal for someone under 18 to obtain credit or sign a legal contract. The contract would therefore be illegal and unenforceable.
How to pull someone else's credit report?
Unless you work for an attorney or someone who can legally pull other's reports, it is illegal and not easy to pull another persons credit report. You can't legally do so.
If someone has your personal information and pulls your credit report as you is it a crime?
Yes, it is illegal for someone to pull your credit report without your authorization. Unauthorized access to someone's credit report is a violation of federal law under the Fair Credit Reporting Act (FCRA). You should report this incident to the credit bureaus and local authorities immediately.
Is it legal to use a child's name to obtain credit?
No, it is illegal to use a child's name to obtain credit. This is considered identity theft and can have serious legal consequences.
Is it illegal to put your vehicle in someone else's name?
no not that i know, my dad had bad credit so he put it in my grandmas name
Can someone open a credit card account using your social security without your permission?
They could but it is illegal without your permission.
What is the symbol for Blackrock Defined Opportunity Credit Trust in the NYSE?
The symbol for Blackrock Defined Opportunity Credit Trust in the NYSE is: BHL.
Why is downloading music for free illegal?
Because the people who own the song don't get money or credit for it.
Which of these protects you when applying to receive credit?
Equal Credit Opportunity Act
What is the function of the Equal Credit Opportunity Act?
The Equal Credit Opportunity Act prohibits discrimination in credit transactions on the basis of marital status, race, sex, and so forth.
