Whether you're planning to start your own business or expand the one you own, you may be in the market for credit. When you shop for a loan or line of credit, remember that the law protects you against discrimination. The Equal Credit Opportunity Act (ECOA) prohibits creditors from denying you a loan based on reasons that have nothing to do with your credit-worthiness.
The Federal Trade Commission wants you to know that:
You have the right to sue a creditor who doesn't comply with the law. If you have a complaint about a government lender, public utility company, small loan and finance company, travel and expense credit card company, or other non-bank creditor, you may want to file a complaint with the FTC.
Answers frequently asked questions about the advertising requirements of the Consumer Leasing Act and Regulation M.
Explains who must comply with the Credit Practices Rule, how to comply, and what transactions are covered.
This manual is intended to help you write consumer credit contracts and other forms in "Plain English" so that your customers can easily understand them.
Outlines your rights, as a businessperson, under the Equal Credit Opportunity Act.
Learn about regulations (the Red Flags Rules) requiring financial institutions and creditors to develop and implement written identity theft prevention programs. 8.5"x11", 2 pages.
Includes rules and acts.