Fair Housing
Which federal law prohibits discrimination in the extension of credit based on race, color, religion, national origin, sex, marital status, age, or receipt of public assistance?
AFair Housing Act
BCommunity Reinvestment Act
CEqual Credit Opportunity Act (ECOA)✓ Correct
DHome Mortgage Disclosure Act (HMDA)
Explanation
The Equal Credit Opportunity Act (ECOA) prohibits credit discrimination based on the listed characteristics. It applies to all creditors, including mortgage lenders, credit card companies, and any entity that extends credit.
Related Florida Fair Housing Questions
- A Florida condo association posts a rule stating that no children under 18 may use the pool except during designated 'family hours.' This policy likely violates which law?
- A Florida landlord tests potential tenants by sending 'testers' — individuals of different backgrounds with similar financial qualifications — to apply for rentals. This testing technique is used by:
- A Florida insurance company charges higher homeowners insurance rates for homes in predominantly minority neighborhoods with no actuarial basis. This is called:
- A Florida housing complex for seniors advertises as 'adults only, no children.' To legally maintain this restriction under HOPA, the community must:
- A Florida landlord advertises a rental with the phrase 'Ideal for couples without children.' This language:
- A Florida real estate developer builds a new community and markets it exclusively through networks of one racial group. This could violate the Fair Housing Act's:
- A Florida apartment complex advertises '2-bedroom apartments, perfect for couples and young professionals.' This advertising language:
- A prospective tenant who is HIV-positive applies to rent an apartment in Florida. The landlord refuses, citing concern for other residents' health. This refusal:
Practice More Florida Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Florida Quiz →