FinancingLending_discriminationHARD
All of the following are federal laws or concepts used to monitor or prohibit discriminatory lending practices EXCEPT
Correct Answer
A) Balloon payment
ECOA, HMDA, and CRA are federal lending-discrimination or lending-pattern laws. A balloon payment is only a loan-term feature.
Answer Options
A
Balloon paymentB
Equal Credit Opportunity Act (ECOA)C
Home Mortgage Disclosure Act (HMDA)D
Community Reinvestment Act (CRA)Why This Is the Correct Answer
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Why the Other Options Are Wrong
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Deep Analysis of This Financing Question
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Background Knowledge for Financing
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Related Topics & Key Terms
Key Terms:
lending_discriminationreverse_questionexcept_not
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