McKissock Fair Housing & Fair Lending Practice Test 2026 – Comprehensive Guide to Exam Success!

This question tests your knowledge of the enactment year for the Equal Credit Opportunity Act. It was enacted in 1974 as part of the Consumer Credit Protection Act, with the protections taking effect in 1975. The Act prohibits discrimination in any aspect of a credit transaction based on characteristics like race, color, religion, national origin, sex, marital status, age, or receipt of public assistance, ensuring fair access to credit for all applicants. The other dates correspond to different laws or later changes, but 1974 is the year ECOA was established.