Which of the Following Fair Lending Laws Was Created to Fight

question 10

Multiple Choice

Which of the following fair lending laws was created to fight predatory lending practices:

• A)Equal Credit Opportunity Act.
• B)Community Reinvestment Act
• C)Home Mortgage Disclosure Act.
• D)Home Ownership and Equity Protection Act.
• E)Real Estate Settlement Procedures Act.

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Definitions:

Male-Breadwinner/Female-Homemaker

A traditional family structure where the man earns the family’s income while the woman manages the household and cares for children.

Interacting

Interacting involves communication or direct involvement with other individuals or entities, leading to a reciprocal respond or influence.

Micro-Level Perspective

A viewpoint in sociology that focuses on the individual and immediate social interactions, rather than larger societal structures.

Large-Scale Patterns

Broad trends or behaviors that can be observed across large segments of populations or geographical areas.