Fair Housing
A Missouri lender who offers mortgage loans only in high-income neighborhoods while refusing to lend in lower-income (often minority) neighborhoods is engaging in:
APrudent lending practices
BRedlining, which is illegal discrimination under the Fair Housing Act and ECOA✓ Correct
CLegal risk management
DCRA compliance
Explanation
Redlining is the illegal practice of refusing to provide mortgage loans or other financial services in certain geographic areas (often minority communities) regardless of individual creditworthiness. It violates the Fair Housing Act and ECOA.
Related Missouri Fair Housing Questions
- A Missouri landlord refuses to rent to a family with two children, saying the apartment is 'too small for kids.' This is most likely a violation of:
- Which of the following advertising practices violates the Fair Housing Act?
- Which of the following questions may a Missouri landlord legally ask a rental applicant?
- Which of the following is NOT considered a fair housing violation?
- Sexual harassment by a landlord in Missouri that creates a hostile housing environment violates the Fair Housing Act under which protected class?
- The Missouri Human Rights Act provides housing discrimination protection for which additional class beyond the federal Fair Housing Act?
- Disparate impact in fair housing means:
- An agent in Missouri who uses a dog-whistle phrase like 'great for church-goers' in advertising is potentially guilty of:
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