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| | The Credit Scoring Site |
 | | The Equal Credit Opportunity Act states, "In an empirically derived, demonstrably and statistically sound, credit scoring system, a creditor may use an applicant's age as a predictive variable, provided that the age of an elderly applicant is not assigned a negative factor or value" (http://ecfr.gpoaccess.gov... |
 | | And, the part to which you're referring states, "In an empirically derived, demonstrably and statistically sound, credit scoring system, a creditor may use an applicant's age as a predictive variable, provided that the age of an elderly applicant is not assigned a negative factor or value." Elderly means age 62 or older. |
 | | NCRA: "NCRA was informed this week that the United States Federal Court in the Central District of California, Judge David Carter, has issued a split ruling in the cases of Standfacts Credit Services Inc., et al., (case number SA CV 04-358) and the NCRA case (SA CV 04-1055). |
| creditscoring.com (11548 words) |
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