Fair Housing
Which Virginia fair housing violation occurs when a lender requires higher reserves or a larger down payment specifically for minority borrowers?
ASteering
BRedlining
CDiscriminatory underwriting conditions✓ Correct
DBlockbusting
Explanation
Imposing different underwriting standards (higher down payments, stricter reserves) on borrowers based on race or other protected characteristics is illegal discriminatory lending under ECOA and the Fair Housing Act.
Related Virginia Fair Housing Questions
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