Finance
The Home Mortgage Disclosure Act (HMDA) requires lenders to:
AOffer equal rates to all borrowers regardless of credit
BReport loan data to the government to identify potential discriminatory patterns✓ Correct
CProvide mortgage insurance for all high-LTV loans
DDisclose the APR on all mortgage advertisements
Explanation
HMDA requires lenders to report data on mortgage applications and originations (including applicant demographics and loan terms) to the government. This data is used to monitor for discriminatory lending patterns and assess access to credit.
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