Why Is My Lender Asking About My Race on My Loan Application?
Zillow
APRIL 12, 2016
At some point in the mortgage application process, you'll get asked questions about your race, ethnicity, gender, and age. Being asked to provide this information can often raise a question of your own: Why? Let's answer that question now. Clearing up anti-discrimination laws A law called the Equal Credit Opportunity Act (ECOA) enacted in 1974 makes it illegal for lenders to discriminate based on race, national origin, gender, age, marital status, or because one receives public assistance.
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