Fair Housing
The Home Mortgage Disclosure Act (HMDA) requires lenders to:
ADisclose the APR to borrowers within 3 days of application
BCollect and report data on mortgage applications to identify potential discrimination patterns✓ Correct
CProvide borrowers with a list of all affiliated settlement service providers
DOffer equal loan terms to all applicants regardless of credit history
Explanation
HMDA requires covered lenders to collect and publicly report data on mortgage applications and loans, including applicant demographics. This data is used by regulators to identify and investigate potential lending discrimination.
Related Arizona Fair Housing Questions
- Under the Fair Housing Act's disability provisions, a tenant with a disability has the right to:
- Arizona's civil rights division handles fair housing complaints through:
- Which federal agency is primarily responsible for investigating Fair Housing Act complaints?
- A 55-and-older community in Arizona may legally restrict occupancy by children if:
- In Arizona, fair housing violations may be pursued through which of the following channels?
- Under Arizona fair housing law, a landlord may legally refuse to rent to a prospective tenant based on:
- An Arizona real estate agent who advertises 'ideal for Christians' is violating the Fair Housing Act because:
- Arizona's Fair Housing Act complaint must typically be filed with HUD within:
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