Maria Gomez applies for a loan to purchase a new condo. Her loan request is denied due to a 45 percent debt-to-income ratio. The institutions policy allows for a maximum debt-to-income ratio of 40 percent. The bank never makes exceptions to this policy. What type of discrimination is possible in this situation?
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Home » Business » Maria Gomez applies for a loan to purchase a new condo. Her loan request is denied due to a 45 percent debt-to-income ratio. The institutions policy allows for a maximum debt-to-income ratio of 40 percent.