Annual Percentage Rate (APR) - correct answer The total cost of financing a loan in percentage terms, as a relationship of the total finance charges to
... [Show More] the total amount financed.
Blockbusting - correct answer The illegal practice of inducing owners to sell their homes (often at a deflated price) by suggesting that the ethnic or racial composition of the neighborhood is changing, with the implication that property values will decline as a result. Also called panic selling.
Discrimination - correct answer Treating people unequally because of their race, religion, sex, national origin, age, or some other characteristic of a protected class, in violation of civil rights laws.
Equal Credit Opportunity Act (ECOA) - correct answer Federal law that prohibits discrimination in granting credit to people based on sex, age, marital status, race, color, religion, national origin or receipt of public assistance.
Familial Status - correct answer A protected group under the Federal Fair Housing Act and Ohio Civil Rights Law, making it illegal to discriminate against a person because he or she is the parent or guardian of a child under 18 years of age.
Federal Housing Administration (FHA) - correct answer Government agency that insures mortgage loans.
(HUD) The Department of Housing and Urban Development - correct answer government agency that deals with housing issues.
Redlining - correct answer When a lender refuses to make loans secured by property in a certain neighborhood because of the racial or ethnic composition of the neighborhood.
Regulation Z - correct answer Federal guidelines under the Truth-in-Lending Act that require full disclosure of all credit terms for consumer loans.
Steering - correct answer Channeling prospective buyers or tenants to particular neighborhoods based on their race, religion, national origin, or ancestry.
Tester - correct answer A person working with a fair housing organization, who pretends to be interested in buying or renting property from someone suspected of unlawful discrimination. Also called: Checker
Title VIII - correct answer Part of the Civil Rights Act of 1968; prohibits discrimination based on race, color, religion, sex, national origin, disability or familial status. Also referred to as the Federal Fair Housing Act
Civil Rights Act of 1866 - correct answer Federal law prohibiting public and private racial discrimination in any property transaction in the U.S.
Civil Rights Act of 1968 [Show Less]