Federal & State Laws Pertaining to Real Estate Flashcards
Civil Rights Act of 1866
Prohibits discriminations based on “RACE ONLY”
Fair Housing Act
Prohibits discriminations based on “Race, Color, Religion, National Origin, Sex, Handicap or Familial status” NO AGE
Equal Credit Opportunity Act
Ensures credit be made available with fairness without discriminations to “Race, Color, Religion, National Origin, Sex, Marital Status, income from public assistance or AGE
Steering
Channeling of homeowners away from particular neighborhoods because they are of “protected class”
Blockbusting
To use the entry, or rumor of entry, or a “protected class” into a neighborhood to persuade owners to sell.
Redlining
To deny loans or insurance coverage by a lender or insure that presents different terms of conditions for homes in certain neighborhoods
How long does a Landlord have to return the security deposit if nothing is claimed?
15 days
How long does a Landlord have to return the security deposit if claim is to be imposed?
30 days
How long do Landlords have to correct the noncompliance to resolve a problem?
7 days
