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LAWDOG Equal Credit Opportunity Act: Definitions & Exceptions


Pertinent Element
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Section 202.2. Definitions.

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

(y) Pertinent element of creditworthiness, in relation to a judgmental system of evaluating applicants, means any information about applicants that a creditor obtains and considers and that has a demonstrable relationship to a determination of creditworthiness.



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