An MLO receives a loan application from a same-sex married couple. Under federal fair housing law, the MLO must:
Correct Answer
A) Treat them the same as any other married couple
Under the Fair Housing Act's sex discrimination provisions and federal marriage equality laws, same-sex married couples must be treated identically to opposite-sex married couples. No additional requirements or different treatment is permitted.
Why This Is the Correct Answer
Under the Fair Housing Act's sex discrimination provisions and federal marriage equality laws, same-sex married couples must be treated identically to opposite-sex married couples. No additional requirements or different treatment is permitted.
More Federal Laws Questions
A mortgage broker's website states 'Qualified borrowers can get loans with down payments as low as 3%.' Which statement about TILA advertising requirements is correct?
A loan's APR increases from 4.25% on the Loan Estimate to 4.35% on the Closing Disclosure due to a rate lock expiration. What action is required?
A lender originates a mortgage that meets all QM requirements. Three years later, the borrower defaults and claims the lender violated the ATR rule. What legal protection does the lender have?
For a closed-end mortgage loan, when must the creditor provide the Closing Disclosure to the borrower?
Which of the following documents must be provided to trigger the start of the 3-day rescission period?
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Previous Question
On a $300,000 loan, the lender charged $2,100 for appraisal and credit report fees when the Loan Estimate showed $2,000. The borrower also paid $150 for a required pest inspection not disclosed on the Loan Estimate. What is the total tolerance violation?
Next Question
A lender discovers that the APR disclosed on the Closing Disclosure is 0.20 percentage points higher than the actual APR. What action is required under TILA?