Fair Housing
What is 'protected class' under Illinois fair housing law for lending purposes?
AOnly federal protected classes apply to mortgage lending
BThe federal Equal Credit Opportunity Act (ECOA) and Fair Housing Act protect consumers in lending; Illinois law extends additional protections including source of income and sexual orientation in some jurisdictions✓ Correct
CLenders in Illinois are exempt from fair housing law
DOnly banks regulated by IDFPR must comply with Illinois fair housing lending requirements
Explanation
Both the federal Fair Housing Act and Equal Credit Opportunity Act (ECOA) prohibit discrimination in mortgage lending based on protected classes. ECOA protects additional classes including age and receipt of public assistance income. Illinois's Human Rights Act extends lending protections to additional classes. In Chicago, source of income protections extend to mortgage lending decisions. All lenders operating in Illinois must comply with these overlapping federal and state requirements.
Related Illinois Fair Housing Questions
- What is 'quid pro quo' sexual harassment in housing under Illinois fair housing law?
- What is 'predatory lending' and why is it a fair housing concern in Illinois?
- The Illinois Human Rights Act prohibits discrimination in housing based on which protected class NOT covered by the federal Fair Housing Act?
- In Illinois, 'source of income' as a protected class (in jurisdictions that include it) means a landlord cannot discriminate against:
- A landlord in Illinois refuses to rent to a family with children, citing the property's narrow staircase as a safety concern. This is most likely:
- What is the 'Affirmatively Furthering Fair Housing' (AFFH) obligation in Illinois?
- Under Illinois law, a condominium association that refuses to approve a unit owner's request to install a lift in their unit to accommodate their disability is potentially:
- The Home Mortgage Disclosure Act (HMDA) requires lenders to:
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