Finance
The Home Mortgage Disclosure Act (HMDA) requires lenders to:
AOffer equal interest rates to all borrowers
BCollect and report data on mortgage applications by race, gender, and geography to detect discrimination✓ Correct
CDisclose all closing costs on the Closing Disclosure
DProvide free credit counseling to all borrowers
Explanation
HMDA requires covered lenders to collect and publicly report data on mortgage applications and originations to enable regulators and the public to identify discriminatory lending patterns.
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