Fair Housing
What is the Community Reinvestment Act (CRA) and how does it relate to Nevada fair housing?
AA Nevada law requiring community investment by HOAs
BA federal law requiring federally regulated banks to meet the credit needs of the communities where they operate, including low- and moderate-income neighborhoods✓ Correct
CA state program reinvesting tax revenue into Nevada communities
DA federal law only applicable to credit unions
Explanation
The CRA requires federally regulated banks to document that they serve all segments of their communities, including low- and moderate-income areas. It was enacted partly in response to redlining. CRA examinations by regulators can affect bank mergers and acquisitions.
Related Nevada Fair Housing Questions
- What is the role of the 'Nevada Equal Rights Commission' (NERC) in housing discrimination?
- What is 'economic integration' as a fair housing concept and how does it apply in Nevada?
- A Nevada landlord advertises a rental unit as 'perfect for young professionals.' Is this advertisement potentially problematic?
- What is 'reverse redlining' or predatory lending and how has it affected Nevada?
- What is the difference between disparate treatment and disparate impact in fair housing law?
- A Nevada newspaper refuses to run a housing ad because it contains language preferring tenants of a specific religion. This action is:
- The federal Fair Housing Act of 1968 prohibits discrimination based on which protected classes?
- What is an affirmative action plan in the context of Nevada fair housing for a large apartment complex receiving federal funds?
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