Asked by Ashley Hewett on May 22, 2024
Verified
Credit can be denied solely on the basis of national origin.
National Origin
Refers to the country where a person was born or from which their ancestors came, often used in legal and employment contexts to prevent discrimination.
- Understand the importance of truthfulness in credit and financial services, including the rights of debt collectors.
Verified Answer
JH
Jonah HortonMay 26, 2024
Final Answer :
False
Explanation :
Denying credit solely on the basis of national origin is illegal under the Equal Credit Opportunity Act (ECOA), which prohibits discrimination in any aspect of a credit transaction based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.
Learning Objectives
- Understand the importance of truthfulness in credit and financial services, including the rights of debt collectors.