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Denying Credit Based on Past Bankruptcy

Answered by: 

Can you deny an individual credit solely or partly because of past bankruptcy?

Yes. You can develop your own credit underwriting criteria to include what ever factors you wish, as long as they do not discriminate against an applicant(s) on a prohibited basis as found in Regulation B or the Fair Housing Act.

First published on 2/13/06

First published on 02/13/2006

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Filed under lending as: 

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