Under the Fair Housing Act, advertising for mortgage loans may NOT:
Correct Answer
C) State 'Christian applicants preferred'
The Fair Housing Act prohibits discriminatory advertising that expresses a preference, limitation, or discrimination based on protected classes. Stating 'Christian applicants preferred' discriminates based on religion and violates the Fair Housing Act.
Why This Is the Correct Answer
The Fair Housing Act prohibits discriminatory advertising that expresses a preference, limitation, or discrimination based on protected classes. Stating 'Christian applicants preferred' discriminates based on religion and violates the Fair Housing Act.
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?
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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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