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SEX DISCRIMINA1
The Equal Credit Opportunity Act is now in effect. It forbids creditors from discriminating against applicants for loans on the basis of sex or marital status. Its goal is not to guarantee credit to everyone (if you’re a bad credit risk, your loan can still be refused) but your access to credit is now based solely on your ability to pay.
The law does not prohibit a creditor from knowing your marital status; in some cases he has to know it to protect his rights as a creditor, in liens and title transfers, for instance. The law aims at such things as making sure a woman’s creditworthiness is judged on the same basis as a man’s and that husband and
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