Finance
What is the 'Home Mortgage Disclosure Act' (HMDA) and its relevance to Idaho real estate?
AA law setting Idaho maximum mortgage rates
BA federal law requiring lenders to report data on mortgage applications and loans, helping identify discriminatory lending patterns✓ Correct
CA law requiring disclosure of mortgage insurance
DAn Idaho state law governing broker compensation
Explanation
HMDA requires covered financial institutions to collect, report, and publicly disclose data about mortgage applications and loans. This data helps regulators identify possible discriminatory lending practices (like redlining) in Idaho and other states.
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