Fair Housing
Redlining in West Virginia mortgage lending refers to:
AMarking high-value properties on maps
BRefusing to make loans in certain geographic areas based on racial composition✓ Correct
CSetting higher interest rates for investment properties
DRequiring additional documentation for self-employed borrowers
Explanation
Redlining is the illegal practice of refusing to make loans or provide other financial services in certain geographic areas based on the racial or ethnic composition of those areas, regardless of individual creditworthiness.
Related West Virginia Fair Housing Questions
- The West Virginia Human Rights Act prohibits housing discrimination based on all of the following EXCEPT:
- In West Virginia, a landlord may evict a tenant for:
- Steering, as prohibited by the Fair Housing Act, occurs when an agent:
- A seller instructs their West Virginia listing agent to only show the home to buyers of the same race. The agent must:
- A West Virginia real estate agent who uses different and more stringent qualification standards for applicants of one nationality than for others is committing:
- The West Virginia Human Rights Act prohibits discrimination in housing based on which protected class NOT covered by the federal Fair Housing Act?
- The Fair Housing Act's 'housing for older persons' exemption applies to communities where:
- Under the Fair Housing Act, familial status protects:
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