EQUAL CREDIT OPPORTUNITY ACT

EQUAL CREDIT OPPORTUNITY ACT

Equal Credit Opportunity Act. A federal statute that prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, age, sex, or marital status with respect to any aspect of a credit transaction.15 USCA ¡ì¡ì 1691 et seq. ¡ª Abbr. ECOA. [Cases: Consumer Credit 31. C.J.S. Interest and Usury; Consumer Credit ¡ì¡ì 345¨C347.]
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