The Equal Credit Opportunity Act protects borrowers applying for home loans from discriminatory lending practices. This federal law is a crucial part of the real estate exam. It plays a significant role in promoting fair housing and fighting discrimination.

Here are the chapters for this video. Feel free to jump around accordingly:

0:00 Introduction
0:19 Equal Credit Opportunity Act Definition
0:50 Credit Consumer Protection Act
1:11 Why the Equal Credit Opportunity Act Happened
1:45 Equal Credit Opportunity Act Violations
2:08 How It Works and Examples
3:19 Who Enforces The Equal Credit Opportunity Act?
3:50 Penalties for Violations of ECOA
4:28 What Does the ECOA NOT Cover?
4:56 What Do You Need to Know for the Exam?

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