Fair Housing
A North Dakota mortgage lender charges minority applicants higher interest rates than similarly qualified white applicants. This practice violates which federal law(s)?
AFair Housing Act only
BEqual Credit Opportunity Act (ECOA) and Fair Housing Act✓ Correct
CRESPA only
DCommunity Reinvestment Act only
Explanation
Charging higher interest rates based on race violates both the Fair Housing Act (prohibiting discrimination in real estate financing) and the Equal Credit Opportunity Act (prohibiting discrimination in credit transactions).
Related North Dakota Fair Housing Questions
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