Finance
Which federal law prohibits lenders from discriminating against borrowers based on race, color, religion, national origin, sex, familial status, or disability when making mortgage loans?
ARESPA
BTILA
CThe Fair Housing Act✓ Correct
DThe Equal Credit Opportunity Act
Explanation
While both the Fair Housing Act and ECOA prohibit credit discrimination, the Fair Housing Act specifically covers the protected classes listed (race, color, religion, national origin, sex, familial status, handicap) in residential real estate transactions including mortgage lending.
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