Fair Housing
What is 'predatory lending' and how does it relate to fair housing?
AAny high-interest loan product
BDeceptive or abusive lending practices that target vulnerable borrowers, often with protected class characteristics✓ Correct
CStrict underwriting standards
DSub-prime mortgage lending generally
Explanation
Predatory lending involves deceptive, abusive, or exploitative lending practices that strip borrowers of equity, impose excessive fees, or trap them in unaffordable loans. It disproportionately affects minority and elderly borrowers, potentially constituting fair lending violations.
Related Ohio Fair Housing Questions
- Under the federal Fair Housing Act, which of the following is a required 'equal housing opportunity' posting obligation for real estate offices?
- Under the Fair Housing Act, which of the following statements about disability is TRUE?
- The Americans with Disabilities Act (ADA) primarily applies to:
- The federal Equal Credit Opportunity Act (ECOA) prohibits discrimination in lending based on:
- An Ohio housing provider asks a prospective tenant about their national origin on a rental application. Under the Fair Housing Act, this is:
- Under the Fair Housing Act, which of the following statements about handicap (disability) accessibility is TRUE?
- A real estate agent in Ohio who refuses to show homes to a buyer because of the buyer's religion is:
- In Ohio, the maximum civil penalty for a first fair housing violation under the FHA (charged by HUD) is approximately:
Practice More Ohio Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Ohio Quiz →