Fair Housing
In New York, the 'Tenant Data Privacy Act' is most related to:
AFair housing discrimination in loan applications
BLandlords' use of tenant screening services and their obligations to disclose data practices✓ Correct
CDHCR regulation of rent overcharges
DDOS licensing of property managers
Explanation
NYC's Tenant Data Privacy Act governs how landlords and tenant screening bureaus collect, use, retain, and share tenant data, requiring disclosure of data practices and restricting certain uses of personal tenant information.
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Key Terms to Know
Fair Housing Act
Federal law prohibiting discrimination in the sale, rental, or financing of housing based on race, color, national origin, religion, sex, disability, and familial status.
RedliningAn illegal practice where lenders or insurers deny services or charge higher rates in certain neighborhoods based on the racial or ethnic composition of those areas.
Debt-to-Income Ratio (DTI)A lender's measure of a borrower's monthly debt obligations relative to their gross monthly income, used to evaluate loan eligibility.
Promissory NoteA written promise to repay a loan under specified terms — the borrower's personal financial obligation in a real estate transaction.
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