Equal Credit Opportunity Act Amendments of 1976

Summary

Equal Credit Opprotunity Act Amendments - Revises the coverage of the Equal Credit Opportunity Act to include prohibitions against credit discrimination based upon age (provided the applicant has the capacity to contract), race, color, religion, or national origin. Exempts from such Act loan assistance authorized by law or offered by nonprofit organizations to aid an economically disadvantaged class. Provides that the fact that a creditor's loans to any classification are not equal to the population percentage of such classifications in the creditor's trade area, is not a violation of the Act. Directs the Board to establish an advisory committee to advise and consult with it in the exercise of its functions under this Act. Revises the civil liability provisions for violations of the Act. Provides that no later than February 1 of each year after 1976, the Board and the Attorney General shall make reports to Congress concerning the administration of their functions under this title.

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Documents

3 official files

• Public Law (PDF)

  Public Law · EN · 24 March 1976

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• Conference report filed in House

  summary · EN · 4 March 1976

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• Introduced in House

  summary · EN · 30 April 1975

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