Fair Housing
The Home Mortgage Disclosure Act (HMDA) requires lenders to:
AApprove all mortgage applications from protected classes
BCollect and disclose data on mortgage applications by race, sex, and other characteristics to identify potential discrimination✓ Correct
CReport all loan denials to DSPS
DProvide mortgage counseling to all applicants
Explanation
HMDA requires lenders to collect and publicly report data on mortgage lending patterns by race, sex, ethnicity, income, and census tract to help identify potential discriminatory lending practices (redlining, reverse redlining).
Related Wisconsin Fair Housing Questions
- Wisconsin's Open Housing Act covers which types of housing transactions?
- A Wisconsin property manager posts a rental ad stating 'ideal for Christian families.' This likely violates the Fair Housing Act because:
- A Wisconsin newspaper runs a real estate advertisement that includes a drawing of a white family in a suburban setting. This imagery:
- A Wisconsin property manager who conducts background checks must apply the same criteria:
- A Wisconsin property manager advertises 'ideal for young professionals' in a rental listing. This phrase may violate fair housing law because it implies discrimination against:
- A Wisconsin seller tells their listing agent not to show the home to buyers of a specific national origin. The agent should:
- Under Wisconsin's Open Housing Law, 'source of income' as a protected class means a landlord CANNOT refuse to rent to someone because they use:
- Steering in real estate means:
Practice More Wisconsin Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Wisconsin Quiz →