A Lender Can Legally Discriminate in Loan Terms Based on the Applicant's

question 26

Multiple Choice

A lender can legally discriminate in loan terms based on the applicant's

• A) religion.
• B) marital status.
• C) race or skin color.
• D) intention to occupy (or not occupy) the mortgaged property.

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Definitions:

Groupthink

A psychological phenomenon that occurs within a group of people when the desire for harmony or conformity results in irrational or dysfunctional decision-making outcomes.

Creative Solution

An innovative or imaginative answer to a problem that is not obvious and requires thinking outside the conventional framework.

Investment Option

A choice available for allocating resources with the expectation of generating a return.

Task Force

A temporary group created to focus on a specific project or solve a particular problem.