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LAWDOG Equal Credit Opportunity Act: Definitions & Exceptions


Negative Factor
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Section 202.2. Definitions.

For the purposes of this regulation, unless the context indicates otherwise, the following definitions apply.

(v) Negative factor or value, in relation to the age of elderly applicants, means utilizing a factor, value, or weight that is less favorable regarding elderly applicants than the creditor's experience warrants or is less favorable than the factor, value, or weight assigned to the class of applicants that are not classified as elderly and are most favored by a creditor on the basis of age.



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