The agency whose primary purpose is the prevention of discrimination and evaluating a credit application is?

The Equal Credit Opportunity Act (ECOA) is indeed focused on preventing discrimination in lending and ensuring that all individuals have equal access to credit. This law prohibits creditors from discriminating against applicants based on race, color, religion, national origin, sex, marital status, or age, among other factors. It is designed to ensure that credit application processes are fair and equitable.

ECOA also mandates that creditors provide clear reasons for denying credit, promoting transparency and offering protection to consumers against unjust discrimination. The act specifically gives individuals the right to take legal action if they believe they have been discriminated against during the credit application process.

While other organizations and acts, such as the Housing and Urban Development (HUD), the National Association of Realtors (NAR), and the Home Mortgage Disclosure Act (HMDA), play important roles in housing equality, fair housing policies, and disclosure of mortgage data, they do not have the same direct focus on evaluating credit applications in relation to discrimination as ECOA does. Therefore, ECOA is the most relevant agency related to the prevention of discrimination in credit applications.