Which law's requirements reflect the nondiscrimination principles an appraiser must follow?

The Equal Credit Opportunity Act establishes guidelines that prohibit discrimination in lending based on certain protected characteristics, which directly pertains to the appraisal process as it relates to determining the fair market value of properties in various lending scenarios. Appraisers must ensure that their evaluations are free from bias and that they treat all individuals equally regardless of race, color, religion, national origin, sex, marital status, or age. The principles of nondiscrimination outlined in this law emphasize the obligation of appraisers to uphold fair practices in their assessments, promoting equality in the lending process.

While the Fair Housing Act also addresses nondiscrimination in housing practices, particularly focusing on the sale and rental of housing, the Equal Credit Opportunity Act is more directly aligned with the specific duties of appraisers in lending contexts. The Equal Employment Opportunity Act primarily concerns employment practices, while the Civil Rights Act of 1964 serves as a broader civil rights framework. Therefore, the Equal Credit Opportunity Act specifically highlights the nondiscrimination principles relevant to the role of an appraiser in ensuring fair and equitable valuations in lending.