Which of the following statements is true of redlining?
A) It refers to the practice in which real estate brokers guide prospective home buyers toward or away from certain neighborhoods based on their race.
B) It refers to the perceived business practice of a company providing a product or a service based on the customer lifetime value.
C) It refers to a way of encouraging white owners of property to sell their houses at a loss by implying that racial minorities were moving into their previously racially segregated neighborhood, thus depressing real estate property values.
D) It refers to an organization targeting its minority consumers by charging them more for services or products when compared to the charges for its non-minority consumers.
E) It refers to the refusal of an organization to make loans at all in certain areas where property values are low.
Correct Answer:
Verified
Q69: Private remedies for violation of the Equal
Q70: The Fair Credit Reporting Act applies to
Q71: Under the Fair Credit Reporting Act (FCRA),investigative
Q72: Among the costs frequently paid by debtors
Q73: Which of the following statements is true
Q75: Which of the following statements is true
Q76: DN Corp.is a credit reporting agency.DN Corp.furnishes
Q77: The _ provision of the Fair Credit
Q78: The _ is the sum of all
Q79: The _ requires that a lender disclose
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents