LAWDOG ECOALAWDOG ImageReturn To Previous Menu

LAWDOG Equal Credit Opportunity Act: Definitions & Exceptions


Prohibited Basis
LAWDOG is intended to assist in the understanding of basic concepts. See Disclaimer. Always obtain legal advice from legal professionals.

Section 202.2. Definitions.

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

(z) Prohibited basis means race, color, religion, national origin, sex, marital status, or age (provided that the applicant has the capacity to enter into a binding contract); the fact that all or part of the applicant's income derives from any public assistance program; or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act or any state law upon which an exemption has been granted by the Board.



Copyright 1996, 1997, 1998 by LAWDOG.COM Publishing, Inc.

LAWDOG ECOALAWDOG Disclaimer and Trademark Return To Previous Menu