Discriminatory Lending
/dɪˌskrɪmɪˈneɪtəri ˈlɛndɪŋ/
Definitions
- (n.) The practice of unfairly denying or varying loan terms based on prohibited factors such as race, gender, or ethnicity.
The plaintiff alleged discriminatory lending practices in violation of the Equal Credit Opportunity Act.
Related terms
See also
Commentary
Often arises under statutes like the Equal Credit Opportunity Act; careful to distinguish from lawful credit risk assessment practices.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.