Finance
The Community Reinvestment Act (CRA) affects Kentucky lenders by:
ACapping interest rates on all mortgage loans
BRequiring lenders to serve the credit needs of all segments of their communities, including lower-income areas✓ Correct
CMandating that 10% of all loans be to minority borrowers
DProhibiting banks from making commercial loans
Explanation
The CRA requires federally insured depository institutions to meet the credit needs of all segments of their communities, including lower-income areas, discouraging redlining.
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