The following statements make assertions about the collection and reporting of data on race, ethnicity, sex, and income. Which statement is false?

Question

Quizplus · Accepted Answer

According to the Home Mortgage Disclosure Act (HMDA), race, ethnicity, sex, and income must be requested and reported on all HMDA-reportable applications regardless of whether the application was taken in person, over the phone, or online. Therefore, statement B is false as it suggests that race, ethnicity, sex, and income need only be requested for in-person loan applications.

The Following Statements Make Assertions About the Collection and Reporting