EthicsQuestion 326 of 400
An applicant who uses a wheelchair is told the lender 'doesn't really do loans for people who can't work full-time,' though the applicant has ample verified disability and investment income. This likely violates the Fair Housing Act and ECOA by discriminating on the basis of:
a.Disability and source of income
b.Age
c.Religion
d.Familial status
Explanation
Rejecting or discouraging an applicant because of a disability, and disregarding lawful disability income, discriminates on the basis of disability and source of income. Age, religion, and familial status are protected but are not the bases implicated by these particular facts.
Law Reference: Fair Housing Act / disabilityPractice all 400 questions free — no signup required.
Related questions on this topic
- Under ECOA/Regulation B, a lender may ask an applicant's marital status:
- A lender's staff routinely offers subprime products to equally qualified minority applicants while offering prime products to non-minority applicants. This pattern is best described as:
- An originator tells a borrower 'you must sign today or lose this rate forever,' knowing the same rate will be available tomorrow. This pressure tactic is best characterized as:
- Which arrangement would MOST likely violate the Loan Originator Compensation Rule?
- An affiliated business arrangement (where a broker refers borrowers to a title company it partly owns) can be permissible under RESPA only if:
- Which combination on a purchase file is the STRONGEST red flag for occupancy fraud?
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against NMLS SAFE Mortgage Loan Originator National Test · How we review