Finance
What is 'Regulation B' in Delaware real estate lending?
AThe regulation implementing the Real Estate Settlement Procedures Act
BThe Federal Reserve's regulation implementing the Equal Credit Opportunity Act (ECOA), prohibiting lending discrimination✓ Correct
CA regulation setting mortgage broker fee disclosure requirements
DA regulation governing balloon mortgage disclosures
Explanation
Regulation B implements the Equal Credit Opportunity Act (ECOA), prohibiting lenders from discriminating in credit decisions based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance.
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