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Equal Credit Opportunity Act (ECOA) is a federal law that requires lenders to make credit equally available without regard to the applicant’s race, color, religion, national origin, age, sex, or marital status; the fact that all or part of the applicant’s income is derived from a public assistance program; or the fact that the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Equal Credit Opportunity Act (ECOA) is brought to you by SimplifyEm Pay Rent Online and Property Management SoftwareYou might also want to read:
- Property Management Companies, Property Managers and Landlords Guide to Adverse Action in Tenant Screening An adverse action is any action by a property management company, property manager or landlord that is unfavorable to the interests of a rental applicant. Common adverse actions by property......
- Property Management Companies, Property Managers and Landlords Guide to Consumer Report in Tenant Screening If you’re a property management company, property manager or a landlord, you may use consumer reports to evaluate rental applications — as long as you follow the provisions of the......
- Special Health Care Tax Credit for Property Managers, Property Management Companies, Landlords and Real Estate Professionals Property Managers, Property Management Companies, Landlords, Real Estate Professionals who provide health insurance overage to their employees now qualify for a special tax credit. Included in the health care reform......
