Finance
The Home Mortgage Disclosure Act (HMDA) requires lenders to:
AOffer loans to all applicants who apply
BCollect and report data on mortgage loan applications by race, gender, and geography✓ Correct
CReduce fees for minority borrowers
DUse standardized loan forms
Explanation
HMDA requires certain lenders to collect and publicly report data on mortgage applications, originations, and denials including applicant characteristics, to detect discriminatory lending patterns.
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