Fair Housing
Redlining is an illegal practice in which:
ASellers refuse to sell to buyers of certain races
BLenders refuse mortgage loans in minority or low-income neighborhoods regardless of individual applicant qualifications✓ Correct
CAgents steer buyers toward specific neighborhoods
DLandlords charge higher rents to minority tenants
Explanation
Redlining is the illegal practice of lenders refusing to make mortgage loans (or offering unfavorable terms) in minority or lower-income neighborhoods regardless of the individual borrower's creditworthiness. The Home Mortgage Disclosure Act (HMDA) was passed to expose and combat redlining.
Related Rhode Island Fair Housing Questions
- Which Rhode Island agency handles fair housing complaints at the state level?
- Under the Fair Housing Act, a 'reasonable accommodation' for a disabled tenant might include:
- Under the Fair Housing Act, a landlord must make 'reasonable accommodations' for persons with disabilities. Which of the following is an example?
- A bank refuses to make mortgage loans in a specific Providence neighborhood based on the racial composition of the area. This practice is called:
- The ADA requires commercial buildings built after 1993 to be:
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- The Rhode Island Fair Housing Practices Act is administered by:
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