Judge Finds No ECOA Violation In Lender’s Denial Of Mortgage Application

Mealey's (February 3, 2023, 12:14 PM EST) -- BATON ROUGE, La. — A mortgage lender did not violate provisions of the Equal Credit Opportunity Act (ECOA) in denying a borrower a mortgage loan for the purchase of a home because the borrower’s application was incomplete when submitted and the lender complied with the ECOA’s notice requirements in making the borrower aware of the issue, a federal judge in Louisiana ruled in granting the lender’s motion for summary judgment....