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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.
What else can I help you with?
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.
Which of the laws related to mortgage lending discussed in this section do you believe is most important?
The most important law related to mortgage lending is the Truth in Lending Act (TILA). This law requires lenders to disclose key terms and costs associated with mortgage loans to borrowers, ensuring transparency in the lending process. By providing borrowers with clear and accurate information, TILA helps protect consumers from predatory lending practices and empowers them to make informed decisions about their mortgage loans.
How do collection agencies decide which borrowers to sue?
There are costs associated with bringing a civil lawsuit and collection agencies want to be sure of the following: * There is a good chance that the collection agency will win * The amount of money is significant - not small claims * All attempts to collect (legally via FDCPA) have been met with a lack of payment If the collection agency has one or more attorneys on staff, they will be more likely to pursue borrowers in court as the expense to do so is lower with in-house counsel vs. retained counsel.
Can you use the word moratorium in a sentence?
There was a water shortage which prompted the planning board to place a moratorium on any new building in the area.
Can you get a Federal Stafford Loan with a drug misdemeanor?
Yes, borrowers with a drug-related misdemeanor conviction can still qualify for Federal Stafford Loans. However, eligibility may be suspended for a period of time depending on the offense, and completion of an approved drug rehabilitation program may be required for regaining eligibility.
Who is the author of the borrowers?
Mary Norton wrote The Borrowers.
When was The Borrowers Aloft created?
The Borrowers Aloft was created in 1961.
When was The Borrowers Afield created?
The Borrowers Afield was created in 1955.
When was The Borrowers Afloat created?
The Borrowers Afloat was created in 1959.
When was The Borrowers released?
The Borrowers was released on 02/13/1998.
In The Borrowers- In which part of the house do the borrowers live?
Under the big clock
What is the duration of The Return of the Borrowers?
The duration of The Return of the Borrowers is 2.77 hours.
When was The Borrowers Avenged created?
The Borrowers Avenged was created in 1982-11.
What is the duration of The Baby Borrowers?
The duration of The Baby Borrowers is 3000.0 seconds.
What is the relationship between lenders and borrowers?
Lenders have something (usually money) that the borrowers want; and the Borrowers have something that the Lenders want (their money back).
Is kieron Hudson of the borrowers?
yes he is of the borrowers cos he is so small XD
When was The Return of the Borrowers created?
The Return of the Borrowers was created on 1993-11-14.
