Which federal law prohibits discrimination in lending based on race, color, national origin, religion, sex, familial status, or disability?
Why The Fair Housing Act Is Correct
Answer D: The Fair Housing Act
Exam Tip: Finance
Finance questions often involve calculations. Master the T-bar method, understand the difference between conventional and government-backed loans, and know key ratios like LTV and DTI.
Key Finance Terms in This Question
People Also Study
Related Alabama Questions
- Alabama's fair housing laws prohibit discrimination based on which federal protected classes plus additional state protections?Fair Housing
- The federal Fair Housing Act of 1968 originally prohibited discrimination based on which classes?Fair Housing
- The 'familial status' protected class under the Fair Housing Act covers:Fair Housing
- The Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating against applicants based on:Finance
- The Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating based on:Finance
- The federal Fair Housing Act of 1968 prohibits discrimination in housing based on which protected class that was added in 1988?Fair Housing
- The primary purpose of the Equal Credit Opportunity Act (ECOA) is to:Finance
- Under the federal Fair Housing Act, a landlord may NOT refuse to rent to an applicant because of their:Property Management
Key Terms to Know
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
Pre-ApprovalA lender's conditional commitment to loan a specific amount to a borrower, based on verified income, credit, and assets.
SteeringAn illegal practice where a real estate agent directs buyers toward or away from certain neighborhoods based on the buyer's race, religion, national origin, or other protected characteristics.
AmortizationThe gradual repayment of a loan through scheduled periodic payments that cover both principal and interest.
Study This Topic
Practice More Alabama Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Alabama Quiz →