Finance
In Indiana, the Home Mortgage Disclosure Act (HMDA) requires lenders to:
AOffer mortgages to all applicants equally
BCollect and report data on mortgage applications and loans, including applicant demographics, to identify potential lending discrimination✓ Correct
CDisclose all lender fees in advance
DLimit mortgage origination fees to 1% of the loan amount
Explanation
HMDA requires covered lenders to collect and publicly report data on mortgage loan applications and originations, including demographic data, to help identify potential discriminatory lending patterns.
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