A lender has designated a racially‑integrated neighborhood as one in which loans will be made for a maximum of only 50% of the appraised value. The lender claims the area is high‑risk and hence the 50% reduction is necessary to assure adequate loan security. Is the lender correct or has the lender committed an illegal act?

Question

​A lender has designated a racially‑integrated neighborhood as one in which loans will be made for a maximum of only 50% of the appraised value. The lender claims the area is high‑risk and hence the 50% reduction is necessary to assure adequate loan security. Is the lender correct or has the lender committed an illegal act?

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The Answer of ​A lender has designated a racially‑integrated neighborhood as one in which loans will be made for a maximum of only 50% of the appraised value. The lender claims the area is high‑risk and hence the 50% reduction is necessary to assure adequate loan security. Is the lender correct or has the lender committed an illegal act?

​A Lender Has Designated a Racially‑integrated Neighborhood as One in Which

A Lender Has Designated a Racially‑integrated Neighborhood as One in Which