Fair Housing

What is the 'community reinvestment act' (CRA) and how does it relate to Kansas fair housing?

AA Kansas law prohibiting bank branch closures
BA federal law requiring banks to serve the credit needs of their entire community, including low-income areas, addressing redlining✓ Correct
CA law requiring equal lending to all income levels
DA program providing grants for community development

Explanation

The CRA requires federally insured depository institutions to meet the credit needs of all segments of their communities, including low- and moderate-income areas, helping to combat redlining and ensure fair access to credit.

Related Kansas Fair Housing Questions

Practice More Kansas Real Estate Questions

1,500+ questions covering all exam topics. Start free — no signup required.

Take the Free Kansas Quiz →