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Lesson 2 of 6 · 20 min read

ECOA and Regulation B

Fair lending under the Equal Credit Opportunity Act: the prohibited bases, notice deadlines, adverse action, appraisal copies, monitoring information, and record retention.

In this lesson

  • The prohibited bases
  • Deadlines to tell the applicant
  • Copies of appraisals
  • Monitoring information (race, ethnicity, sex)
  • Definitions worth knowing