Fair Housing
The Community Reinvestment Act (CRA) requires federally insured banks to:
ACharge uniform interest rates in all neighborhoods
BMeet the credit needs of their entire community, including low- and moderate-income neighborhoods✓ Correct
CDonate 1% of profits to affordable housing
DHire agents from underserved communities
Explanation
The CRA requires banks to affirmatively meet the credit needs of the communities they serve, including low- and moderate-income areas, counteracting historical redlining practices.
Related Utah Fair Housing Questions
- Source of income (such as housing vouchers) is a protected class in housing in:
- Under the Fair Housing Act, familial status protects:
- A landlord in Provo, Utah may legally refuse to rent to a person because:
- A reasonable modification under the Fair Housing Act allows a tenant with a disability to:
- A Utah real estate team advertises only in Spanish-language media in areas with large Spanish-speaking populations. This could be:
- The term 'protected class' in Fair Housing refers to:
- Which of the following is NOT an example of discriminatory advertising under the Fair Housing Act?
- The Americans with Disabilities Act (ADA) primarily applies to:
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