Ch.5 State and Federal Legislation Flashcards
The general purpose of the ____________ is to ensure that these agencies are fair, accurate and exhibit ______________ in his or her credit reporting methods.
Fair Credit Report Act, confidentiality
While there are some exceptions to the application of subsequent fair housing laws (1968 law), the __________ provides for no exceptions whatsoever.
Act of 1866
Specifically, the __________ prohibits the use of “any telephone facsimile machine, computer, or other device to send an unsolicited advertisement to a telephone facsimile machine,” applying only to those facsimile messages that constitute “unsolicited advertisements.”
TCPA
This prohibition against discriminatory advertising applies to ____________ and ______________ housing that is otherwise exempt from the Fair Housing Act.
Single -family, owner-occupied
If a case goes to an administrative hearing, ____________ attorneys will litigate the case, and an ______________(ALJ) will consider evidence.
HUD, Administrative Law Judge
In addition to the Federal Hair Housings Act, Texas passed the ____________ in 1989, which closely parallels the federal law.
Texas Fair Housing Act
When sending out emails with advertisements, license holders must comply with the Federal ___________ Statute regulating email solicitations
CAN-SPAM
A state law that applies to unfair competition is the ______________, which is enforced by the Texas Attorney General.
Texas Free Enterprise and Antitrust Act
Blockbusting is also known as _________________
Panic peddling
Telephone numbers placed on the National _____________ Registry remains on it permanently
Do Not Call
Price fixing
Any attempt by a group of brokers or between a group of brokerage firms to set the commission rates in their area
CFPB
Has the authority to examine and enforce consumer protection regulations for all mortgage related businesses, large non-bank financial companies, and banks and credit unions with assets greater than $10 billion
ECOA
Prohibits discrimination in lending based on race, color, religion, national origin, sex, marital status, age or the receipt of income from a public assistance program.
CRA
Passed to ensure that banks would serve the needs of the community in which they were chartered to do business
Illegal boycott
An agreement among two or more competitors not to do business with another competitor for the purpose of inducing the other competitor to change its business practices
