Which of the following statements is NOT true regarding creditor considerations for applications?

The statement that a creditor may consider if someone is going to have a child is not true in the context of creditor considerations for applications. This is because under the Equal Credit Opportunity Act (ECOA), creditors are prohibited from discriminating based on sex or marital status, which includes considerations related to familial status such as the expectation of having children. Factors like this could lead to obvious biases and stereotypes that may disadvantage applicants inappropriately.

In contrast, the other statements align more closely with the permissible considerations a creditor might take into account. For instance, a creditor can legally consider someone's immigration status when assessing their application, to the extent that it affects the applicant's ability to repay the loan. Similarly, the presence of a telephone in the applicant's residence may be considered as part of evaluating the applicant's stability or communication ability, which could be relevant to the credit assessment. Lastly, the requirement for creditors to evaluate married and unmarried applicants by the same standards ensures that all applicants are treated equitably, which is a cornerstone of fair lending practices.