Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $ 1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $ 1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system. To find: The act which prohibits credit discrimination.

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Chapter 24, Problem 3RE

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Case summary: Person LS, an African American, read an advertisement in the newspaper of a local motorcycle dealer about the sale of an electronic scooter EZ for $1,699. The person LS reached the dealer to purchase the scooter but found that the scooter was already sold. The salesperson offered a higher model FZ, from the previous one for $1,999. LS unwillingly decided to buy scooter FZ and wished to purchase the scooter on credit. The clerk in the credit department told LS that a cosigner is required to obtain a loan. When LS talked about this concern to the manager, he assured her that the clerk was mistaken. LS after seven months of purchase, received a letter from the manufacturer, notifying her about recalling the model due to the defect in the braking system.

To find: The act which prohibits credit discrimination.

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