Fair Housing
An Iowa lender offers lower interest rates to male borrowers than female borrowers with identical qualifications. This violates:
AOnly the Equal Credit Opportunity Act
BBoth ECOA and the Fair Housing Act✓ Correct
COnly the Fair Housing Act
DNeither—it is a business decision
Explanation
Sex (gender) is a protected class under both the Equal Credit Opportunity Act and the Fair Housing Act. Offering different lending terms based on sex violates both laws.
Related Iowa Fair Housing Questions
- Under the Fair Housing Act, which of the following statements in a rental ad is ILLEGAL?
- Iowa's source of income protection in some Iowa cities' local ordinances prohibits housing providers from:
- Iowa's Civil Rights Act adds which protected class(es) beyond the federal Fair Housing Act?
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- The federal Fair Housing Amendments Act of 1988 added which two protected classes to the original 1968 Act?
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