Chapter 24, Problem 3RE

Summary Introduction

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 $\text{\$}$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 $\text{\$}$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.