23
QuizMultiple Choice

Unit Test — Unit test

Question 23 • $2526: Full: 2102320: Economics HONORS: NEW CREDIT

Lenders are prohibited from

Answer
A
considering borrowers’ race, sex, and national origin.
B
explaining to borrowers why their application was rejected.
C
using borrowers’ information in a responsible manner.
D
considering borrowers’ sources of income other than salary.

Explanation

Lenders are prohibited from discriminating against applicants based on protected characteristics such as race, sex, or national origin. They may consider an applicant’s sources of income when assessing ability to repay, and they generally must provide a reason when denying a credit application. Therefore, the correct choice is “considering borrowers’ race, sex, and national origin.”

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