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+ Is this legal??? John, who is retired and 80 moved to Arizona to buy a condo with a 30-year, 4.25% mortgage. He applied at

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+ Is this legal??? John, who is retired and 80 moved to Arizona to buy a condo with a 30-year, 4.25% mortgage. He applied at the bank and was denied. Even though his credit was excellent, the bank knew he would not live long enough to repay the mortgage. Which of the following statements is correct? A) It is illegal. Protected by the Equal Credit Opportunity Act B) It is illegal. Protected by the Fair Credit Reporting Act C) It is legal. Bank protected by the Fair Debt Collections Act D) It is legal. Bank protected by the Equal Credit Opportunity Act

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