Equal Credit Opportunity Act (ECOA)

Business / Real Estate / Equal Credit Opportunity Act (ECOA): Federal legislation passed in 1974 to ensure that the various financial institutions and other firms engaged in the extension of credit exercise their responsibility to make credit available with fairness and impartiality, and without discrimination on the basis of race, color, religion, national origin, sex or marital status, age, receipt of income from public assistance programs (food stamps, social security), and to ensure good-faith exercise of any right under the Consumer Credit Protection Act (creditor must state reasons for denial of credit). The act applies to all who regularly extend or arrange for the extension of credit. A real estate licensee is considered a creditor if the licensee routinely assists sellers in determining whether a proposed buyer in a land contract or purchase-money mortgage is creditworthy.

Other Words for Act

Act Verb Synonyms: behave (oneself), carry on, deport oneself, comport oneself, conduct oneself
Act Noun Synonyms: deed, action, undertaking, operation, step, move, feat, exploit, accomplishment, achievement
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Other Words for Credit

Credit Verb Synonyms: ascribe, acknowledge, attribute, assign, impute
Credit Noun Synonyms: belief, faith, trust, credence
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Other Words for Equal

Equal Adjective Synonyms: identical, the same (as), interchangeable, one and the same, coequal, selfsame, like, alike, tantamount, similar (to), equivalent, commensurate
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Other Words for Opportunity

Opportunity Adjective Synonyms: chance, occasion, opening, possibility, moment, time, break
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National School Lunch Act

Business / Agriculture / National School Lunch Act: P.L. 79-396 (June 4, 1946) authorized federal cash and commodity support for school lunch and milk programs, '...as a measure of national security...' in response to claims that many American men had MORE

National Practitioner Data Bank (NPDB)

Health / Health Insurance / National Practitioner Data Bank (NPDB): A database maintained by the federal government that contains information on physicians and other medical practitioners against whom medical malpractice claims have been settled or other disciplinary MORE

National Wool Act Of 1954

Business / Agriculture / National Wool Act Of 1954: Title VII of Agricultural Act of 1954 was designated the National Wool Act and provided for a new and permanent price support program for wool and mohair to encourage increased domestic production thr MORE

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