Credit union president Bill Bradley has just refused a loan for $25-$year$-$old LaDawna Kingston, an African$-$American woman and, in his opinion, the very definition of a "religious zealot." Bill refused the loan based on her credit rating and lack of job stability. When LaDawna learns of his refusal, she tells him she's calling an attorney, because she's been discriminated against. Which of the following statements is true in this situation?

Bill could be in big trouble, since it is illegal for a real estate licensee to discriminate against a person seeking a loan based on racial, religious, or economic reasons.

Bill could be in big trouble, since it is illegal for a real estate licensee to discriminate against a person who is of any "protected class," even if that person does not meet the financial loan qualifications that every applicant must face.

Bill could face serious penalties if LaDawna files suit against him. It is illegal for a real estate licensee to decline financing to a person of another race, even though that person does not meet the financial loan qualifications set forth for every applicant.

As long as Bill refused the financing based solely on economic reasons $($lack of job stability, poor credit rating, income, or net worth$),$ he has acted lawfully and will not face any disciplinary action.