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If you turn down a phone credit application and do not send an adverse action letter did you violate the ECOA?

Yes, one violated Regulation B in the Equal Credit Opportunity Act (ECOA). If a credit report was used as part of the criteria for denying credit, then the Fair Credit Reporting Act (FCRA) may also have been violated.


What does a M5 stand for on a credit report?

M5 in credit report means?


How do you use the Federal Equal Credit Opportunity Act now?

The Equal Credit Opportunity Act (ECOA) was passed in 1974 and ammended in 1976. You dont "use" the ECOA per se unless you feel that you were denied credit in some form and that denial was based on something that the ECOA says you may not be denied for. Most reputable financial institutions and creditors follow the ECOA.


What do the letters ECOA stand for?

Equal Credit Opportunity Act Equal Credit Opportunity Act Enemy Courses of Action The Equipment Company Of America E-mail Change Of Address


What is mean ecoa stem?

It appears there may be a typo in your question. If you are asking about an "ECOA" stem, it typically refers to the Equal Credit Opportunity Act, a U.S. law that protects people from discrimination in financial matters, such as credit applications and lending.


What is aka stand for in credit report?

Also Known As........


What does RPI-LD stand for on a credit report?

RPI-LD is an acronym for Real Pages Inc. This entry on a credit report indicates that a landlord has asked for a credit report on a potential tenant.


What does the acronym AFECU stand for in an Equifax credit report?

Albany Federal Employees' Credit Union ?


What does the acronym NB stand for in a credit report mean?

NOTA bENE


What is OFAC stand for in credit report?

office foreign assets control


What does Gecrb-PPEXTR stand for on your credit report?

Paypal extras mastercard


What does the acronym DLA stand for in an equifax credit report?

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