Finance
The Home Mortgage Disclosure Act (HMDA) requires lenders to:
AA. Offer equal mortgage rates to all borrowers
BB. Collect and report data on mortgage applications and loans to identify discriminatory lending patterns✓ Correct
CC. Provide free credit reports to all applicants
DD. Disclose all loan fees in the Loan Estimate
Explanation
HMDA requires lenders to collect and report loan application and origination data by location, race, gender, and income to help identify discriminatory lending patterns.
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