Principles of Real Estate 1 : Ch. 9

When a complaint is filed, HUD will:

-Notify the alleged violator of the complaint and permit that person to submit an answer. -Investigate the complaint and determine whether there is reasonable cause to believe the Fair Housing Act has been violated. -Notify the complainant if it cannot complete an investigation within 100 days of receiving the complaint.

Texas Fair Housing Act

A "substantially equivalent" fair housing law that allows complaints to be heard by the Texas Commission on Human Rights or in state courts.

Reasonable Accommodation

A change to a rule, policy, practice, or service for a disabled person to be able to use housing.

Fair Credit Reporting Act

A federal law designed to protect consumers against unfair credit reporting practices and protect credit privacy.

Americans with Disabilities Act

A federal law prohibiting discrimination against people with disabilities by denying them the full and equal enjoyment of goods, facilities, accommodations, services, and privileges.

Civil Rights Act of 1968

A federal law to prevent discrimination in housing because of race, color, religion, or national origin in the selling of homes or apartments and in other specified transactions; amended in 1974 to add sex and in 1988 to include handicap and familial status in categories covered by the act. Also known as the Fair Housing Act.

VAMA

A voluntary marketing agreement that is negotiated between HUD and national associations that represent the housing industry promoting equal housing opportunities for all.

Under the Fair Housing Act, violations can be up to: A) $150,000 B) $50,000 C) $100,000 D) $75,000

A) $150,000

While there are some exceptions to the application of subsequent fair housing laws (1968 law), the _____________ provides for no exceptions whatsoever. A) Civil Rights Act of 1866 B) ADA C) Fair Housing Act D) Fair Credit Reporting Act

A) Civil Rights Act of 1866

The CFPB is responsible for A) Enforcing federal consumer financial laws B) Enforcing ADA C) Enacting anti-discrimination law D) Administering the Fair Housing Act

A) Enforcing federal consumer financial laws

he Americans with Disabilities Act prohibits discrimination against those with disabilities by denying A) Equal enjoyment of goods and facilities B) Housing C) Redlining D) Receiving a loan

A) Equal enjoyment of goods and facilities

If a case goes to an administrative hearing, _____________ attorneys will litigate the case, and an administrative law judge will consider the evidence. A) HUD B) ADA C) CRA D) CFPB

A) HUD

Blockbusting is also known as _________________. A) Panic Peddling B) Redlining C) Steering D) Price fixing

A) Panic Peddling

It is a good practice in advertising to describe. A) Property B) Proximity to religious facilities C) People D) Families

A) Property

The Community Reinvestment Act says lenders cannot: A) Redline B) Panic Sell C) Blockbust D) Steer

A) Redline

When someone files a discrimination complaint with HUD, HUD will first attempt to: A) Resolve through conciliation B) Refer to criminal court C) Levy a penalty D) Resolve through litigation

A) Resolve through conciliation

The Fair Credit Reporting Act protects consumers from A) Unfair credit reporting practices B) Blockbusting C) Redlining D) Anti-discrimination laws

A) Unfair credit reporting practices

This is a multiple choice question. Once you have selected an option, select the submit button below All of the following are trigger terms under TILA except: A) Amount of down payment B) Cash price C) Amount of monthly payment D) Interest rate

B) Cash price

Each credit applicant must be evaluated based on the same information as every other applicant. A) Texas Fair Housing Act B) Equal Credit Opportunity Act C) Civil Rights Act of 1968 D) Fair Credit Reporting Act E) Community Reinvestment Act

B) Equal Credit Opportunity Act

Governs consumer reporting agencies and those who access consumer credit reports. A) Americans With Disabilities Act (ADA) B) Fair Credit Reporting Act C) Equal Credit Opportunity Act D) Community Reinvestment Act E) VAMA

B) Fair Credit Reporting Act

The Equal Credit Opportunity Act prohibits discrimination in: A) Selling B) Lending C) Renting D) Leasing

B) Lending

Prohibits redlining by banks A) Fair Credit Reporting Act B) Equal Credit Opportunity Act C) Community Reinvestment Act D) Reasonable accommodation E) Texas Fair Housing Act

C) Community Reinvestment Act

The ________ 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. A) CFPB B) CRA C) ECOA D) ADA

C) ECOA

In addition to the Federal Fair Housing Act, Texas passed the __________ in 1989, which closely parallels the federal law. A) Credit Reporting Act B) Americans With Disabilities Act C) Texas Fair Housing Act D) Fair Credit Reporting Act

C) Texas Fair Housing Act

This prohibition against discriminatory advertising applies to _____________ and owner-occupied housing that is otherwise exempt from the Fair Housing Act. A) people with disabilities B) Panic Peddling C) single-family D) Confidentiality

C) single-family

The Texas Fair Housing Act was passed in A) 1986 B) 1974 C) 1866 D) 1989

D) 1989

The ________ 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. A) ECOA B) ADA C) CRA D) CFPB

D) CFPB

All of the following are exempt from ADA except: A) Historic buildings B) Single-family homes C) Private clubs D) Retail space

D) Retail space

Any attempt to induce panic selling in a neighborhood for financial gain. A) Americans With Disabilities Act (ADA) B) Consumer Financial Protection Bureau C) Civil Rights Act of 1866 D) Steering E) Blockbusting

E) Blockbusting

________ is a practice of refusing to provide financing in a particular area because of location. Only banks can be guilty of redlining under this law.

Redlining

Consumer Financial Protection Bureau (CFPB)

The federal agency that is responsible for enforcing federal consumer financial law.

Community Reinvestment Act

The federal law that requires federally-regulated lenders to describe the geographical market area they serve. Deposits from that area are to be reinvested in that area, whenever practical.

Civil Rights Act of 1866

The first and primary law guaranteeing equal rights to all U.S. citizens; prohibits all discrimination based on race and color.

Steering

The illegal practice of directing buyers into or away from certain areas because of their race, color, etc.; channeling.

Blockbusting

The illegal practice of inducing homeowners to sell their properties by making representations regarding the entry or prospective entry of minority persons into the neighborhood.

Equal Credit Opportunity Act (ECOA)

passed in 1974, 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. Each applicant must be evaluated on the same information as every other applicant.