Equal Credit Opportunity Act (ECOA)

Business / Taxes / Equal Credit Opportunity Act (ECOA): The Equal Credit Opportunity Act (ECOA) is designed to ensure that all qualified people have access to credit. It forbids lenders from rejecting credit applicants on the basis of race, gender, marital status, age, or national origin and requires lenders to consider public assistance in the same light as other forms of income. The act says that creditors must approve or reject your application within 30 days if you’ve filed a complete application, and if you ask within 60 days, it must provide an explanation for turning you down. The ECOA requires creditors to provide specific reasons for rejecting you and forbids indefinite or vague explanations. If you feel you’re being discriminated against and the lender does not respond to your complaints, you can contact the attorney general of your state or the government agency that oversees the creditor. By law, the creditor must provide that information. If you can’t get the information from the creditor, you can contact the Federal Trade Commission at www.ftc.gov.

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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