Questions and answers

Is the equal housing logo required?

Is the equal housing logo required?

For state member banks: For written or visual advertisements related to dwellings, using the EHL will satisfy the requirements but it is not expressly required. For oral advertisements related to dwellings, using the words “Equal Housing Lender” will satisfy this requirement but it is not required.

What regulations support fair lending practices?

The federal fair lending laws—the Equal Credit Opportunity Act and the Fair Housing Act—prohibit discrimination in credit transactions, including transactions related to residential real estate.

What is prohibited basis in fair lending?

The definition of prohibited basis varies based on the specific regulation, but the possible prohibited bases are: race or color, religion, national origin, gender or sex, marital status, age, receipt of income from public assistance, exercise of rights under the CCPA, handicap, or familial status.

What do the fair lending rules cover?

Fair lending prohibits lenders from considering your race, color, national origin, religion, sex, familial status, or disability when applying for residential mortgage loans. Fair lending guarantees the same lending opportunities to everyone.

What does the equal housing logo mean?

According to HUD guidelines, all advertising of residential real estate for sale or rent should contain an equal housing opportunity logotype, statement, or slogan as a means of educating the home-seeking public that the property is available to all persons, regardless of race, color, religion, sex, handicap, familial …

What are the 3 types of lending discrimination?

There are three types of lending discrimination: overt, disparate treatment and disparate impact.

Who is responsible for enforcing the Fair Housing Act?

The Department of Fair Employment and Housing
The Department of Fair Employment and Housing (DFEH) is responsible for enforcing state fair housing laws that make it illegal to discriminate because of a protected characteristic (see “What is Protected”).

What are the 3 fair lending laws?

The courts have recognized three methods of proof of lending discrimination under the ECOA and the FHAct: Overt evidence of disparate treatment; • Comparative evidence of disparate treatment; and • Evidence of disparate impact.

What does EHO mean in real estate?

Expanding Housing Opportunities
Expanding Housing Opportunities (EHO) is a course designed to educate real estate professionals on the range of affordable housing opportunities and clients seeking them. EHO is available in two formats; online and in the classroom.

What is the maximum number of days after filing a complaint that HUD must conclude an investigation?

100 days
The Investigation. HUD or the FCHR is supposed to complete its investigation within 100 days of the date the complaint was filed; however, the time can be (and usually is) extended as needed.

Is it OCC requirement for housing related advertising?

Housing related advertising should have the disclosure. That said, it is not an OCC requirement but is a best practice. This is from Kirchman’s BOB. Advertising.

What are Fair Housing Act and equal credit Opportunity Act?

The Fair Housing Act (FHA) and the Equal Credit Opportunity Act (ECOA) protect consumers by prohibiting unfair and discriminatory practices. Read the OCC’s ” Answers About Consumer Loans ” and ” Answers About Mortgages and Home Loans ” for more information.

Which is the authority for fair and housing?

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When to apply for student housing at OCC?

The Housing Immunization Forms are available on the Student Health portal and the deadline to submit immunization requirements and health screening for Fall 2020 is October 1, 2021. The Harbour at OCC remains open during the campus closure.