EthicsQuestion 352 of 400
Under ECOA, a lender evaluating an applicant's age may:
a.Deny credit to anyone over 62
b.Automatically reduce the score of older applicants
c.Consider age only in an empirically derived, demonstrably sound credit scoring system in limited ways
d.Require a younger cosigner for older borrowers
Explanation
ECOA allows age to be considered only in narrow, empirically derived and statistically sound ways (for example, favoring older applicants), not to penalize them. Denying older applicants, cutting their scores, or requiring a younger cosigner all discriminate on the basis of age.
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