Fair Housing
A lender who charges a higher interest rate to borrowers in minority-dominated neighborhoods without objective justification is engaging in:
ALegal risk-based pricing
BReverse redlining — a form of illegal credit discrimination✓ Correct
CStandard subprime lending practices
DCommunity reinvestment as required by the CRA
Explanation
Reverse redlining is targeting minority communities with predatory high-cost loans rather than refusing loans. Both redlining (denial) and reverse redlining (predatory terms) violate fair lending laws.
Related Nebraska Fair Housing Questions
- Nebraska's Fair Housing Act covers which types of housing transactions?
- A housing complex that restricts residency to persons 55 years of age or older must meet HUD requirements including that:
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- The Nebraska Fair Housing Act adds which protected class NOT covered by the federal Fair Housing Act?
- The federal Fair Housing Act requires that all residential real estate advertising must NOT express any preference, limitation, or discrimination based on:
- A fair housing test or 'paired testing' is a method used by fair housing organizations to:
- A Nebraska landlord refuses to rent to an applicant because they receive housing assistance (Section 8/HCV). Under Nebraska state law:
- Which federal act prohibits all racial discrimination in the sale or rental of real property with no exceptions?
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