Acronyms |
Acronyms of credit and finance related terms used on this site.
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| APR | Annual Percentage Rate - A measure of how much interest credit will cost you, expressed as an annual percentage. |
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| ECOA | Standard abbreviation for Equal Credit Opportunity Act. A federal law, which prohibits creditors from discriminating against credit applicants on the basis of sex, marital status, race, color, religion, age, and/or receipt of public assistance. |
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| FCRA | Fair Credit Reporting Act - Federal legislation governing the actions of credit reporting agencies. |
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| MIN | Mortgage Indentification Number - Indicates that a loan is registered with Mortgage Electronic Registration Systems Inc., which tracks the ownership of mortgage rights. This number will follow the homeowner throughout the mortgage. |
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