Fair Housing
A Nebraska mortgage lender who requires different application documentation from minority applicants than from non-minority applicants of similar financial profile is likely committing:
ALegal risk management
BDiscriminatory lending (disparate treatment) under ECOA and the Fair Housing Act✓ Correct
CBest practices for thorough underwriting
DCompliance with CFPB requirements
Explanation
Requiring different or more burdensome documentation from minority applicants based on their race or national origin is disparate treatment — illegal under both ECOA and the Fair Housing Act's lending provisions.
Related Nebraska Fair Housing Questions
- Under the Fair Housing Act, a housing provider's failure to provide a reasonable accommodation for a person with a disability is discriminatory unless:
- The federal Fair Housing Act prohibits discrimination in housing based on which protected classes?
- Nebraska's Fair Housing Act provides additional protections beyond the federal law, including:
- Blockbusting (panic selling) is the illegal practice of:
- Which federal agency investigates complaints of fair housing violations?
- In Nebraska, which additional entity may investigate fair housing complaints at the state level?
- The federal Fair Housing Act requires that all residential real estate advertising must NOT express any preference, limitation, or discrimination based on:
- A Nebraska licensee who witnesses fair housing violations by their client should:
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