Fair Housing
Which of the following practices related to home loans is prohibited under the Equal Credit Opportunity Act (ECOA)?
ARequiring income documentation from loan applicants
BCharging different interest rates based on credit score
CDenying credit based on the applicant's race, color, religion, national origin, sex, marital status, or age✓ Correct
DRequiring a minimum down payment for conventional loans
Explanation
The Equal Credit Opportunity Act (ECOA) prohibits creditors from discriminating against credit applicants based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. It applies to all aspects of credit transactions.
Related California Fair Housing Questions
- A landlord may legally ask which of the following questions of a prospective tenant?
- Under the Fair Housing Act, which of the following is NOT a protected class?
- 'Blockbusting' is best defined as:
- Under California's Unruh Civil Rights Act, which classes are protected in business establishments, including housing?
- Under California's Fair Employment and Housing Act (FEHA), which additional protected class is covered that is NOT in the federal Fair Housing Act?
- Redlining in real estate refers to:
- Which federal agency is primarily responsible for enforcing the Fair Housing Act?
- Under the Fair Housing Act, 'familial status' protects which of the following?
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