FHA Flashcards
The FHA requires that the ___________ slogan and/or logo appear on all advertising.
Equal Housing Lender
The Fair Housing Act was previously known as ______.
The Civil Rights Act of 1866
Under the FHA, a written complaint may be filed with the HUD office within _______ of the violation.
1 year
What are the classes that are protected under the FHA?
Sex, race, religion, color, national origin, disability & familial status
The Community Reinvestment Act is designed to help ____________.
Meet the credit needs of the community
Blockbusting or Panic selling occurs when ________.
A real estate agent tries to scare residents into selling their property because a certain ethnic group is planning to move into the neighborhood and will cause their property values to drop.
Steering is the illegal practice by real estate agents who _____________ .
Direct buyers into or out of certain neighborhoods based on their ethnicity or race
To combat redlining the ______ was enacted to reduce discriminatory practices against low income neighborhoods.
Community Reinvestment Act (CRA)
The FHA prohibits what specific three practices?
Redlining, steering and blockbusting
What does FHA stand for?
Fair Housing Act
What two classes are protected by the FHA but not ECOA?
Disability and familial status
The Fair Housing Act (FHA) prohibits discrimination in ______.
The sale and lease of residential property
