According to the Equal Credit Opportunity Act, how much will a practice have to pay if a credit applicant joins and wins a class action lawsuit against the practice? 

A. $100,000
B. $150,000
C. $250,000
D. 1/4% of the practice's net worth
E. up to $500,000 or 1% of the practice's net worth


E. up to $500,000 or 1% of the practice's net worth
If an applicant joins a class action lawsuit against the practice, the practice may have to pay damages of up to $500,000 or 1% of the practice's net worth, whichever is less.

Health Professions

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Health Professions

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Health Professions

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