In determining whether to issue a loan, banks are not allowed to ask about an applicant's
A. employment history.
B. date of birth.
C. country of origin.
D. income tax returns.
Answer (2)
Banks are prohibited from asking about an applicant's country of origin when issuing a loan, as per the Equal Credit Opportunity Act. They can evaluate employment history and financial documents while ensuring fair practices in lending. This law promotes equality and prevents discrimination during the loan application process.
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Banks are not allowed to ask about an applicant's country of origin when determining loan eligibility, as per the Equal Credit Opportunity Act. They can consider employment history and financial documents but must avoid discriminatory questions. This law aims to ensure fairness in the lending process. ;
