What was the intent of the Fair Housing Act?
A) to prohibit false, deceptive, and misleading business practices
B) to prohibit lenders from discriminating against any applicant who has the capacity to contract on the basis of race, color, religion, national origin, sex, marital status, or age
C) to require lenders to disclose and explain the terms of loans in understandable language
D) to outlaw discrimination in all housing-related transactions
E) to require real estate developers to make conscious outreach efforts by mandating that a certain percentage of development be done in economically poor areas that are often occupied disproportionately by minorities
Correct Answer:
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Q18: The National Environmental Policy Act (NEPA) requires
Q19: The U.S. Department of Housing and Urban
Q20: The _ prohibits lenders from refusing to
Q21: Lenders must disclose to borrowers an _
Q22: Which of the following individuals can a
Q24: Which of the following is NOT a
Q25: A lender may deny a potential borrower
Q26: A lender must provide explicit reasons when
Q27: A lender may decline a credit application
Q28: The Interstate Land Sales Full Disclosure Act
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