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Real Estate Glossary


- Equal Credit Opportunity Act

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Equal Credit Opportunity Act
A federal law that prohibits a lender or other creditor from refusing to grant credit based on the applicant's sex, marital status, race, religion, national origin or age. The law also prohibits a creditor from refusing to grant credit because the applicant receives public assistance.

Related Terms
Fair Credit Reporting Act
Credit rating
Credit repository
Credit report
Fair Credit Billing Act
In-file credit report
Merged credit report
Equifax
Acre
Arpent
Consumer Credit Counseling Service (CCCS)
Joint tenancy
Point
Standard payment calculation
Credit history
Credit
Farmer's Home Administration
Application
Commercial bank
Regulation Z
Credit life insurance
Redlining
Bankruptcy
Experian
Non-recurring closing costs
Credit union
Document needs list
Trans-Union
Federal Trade Commission

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