Fair Housing Act (FHA).

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Fair Housing Act (FHA)

Federal Consumer Financial Protection Guide
Compliance ManagementCompliance Management Systems and Compliance Risk
Consumer Leasing Act (Regulation M).
Fair Credit Reporting Act (Regulation V).
Homeowners Protection Act (PMI Cancellation Act).
Military Lending Act (MLA).
Real Estate Settlement Procedures Act (Regulation X).
Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) (Regulation G).
Servicemembers Civil Relief Act (SCRA).
Small Dollar Lending and Payday Alternative Loans.
Truth in Lending Act (Regulation Z).
Equal Credit Opportunity Act (Regulation B).
Fair Housing Act (FHA).
Home Mortgage Disclosure Act (Regulation C).
Electronic Fund Transfer Act (Regulation E).
Expedited Funds Availability Act (Regulation CC).
Truth in Savings Act (NCUA Rules & Regulations Part 707).
Children's Online Privacy Protection Act.
Privacy of Consumer Financial Information (Regulation P).
Unfair, Deceptive, or Abusive Acts or Practices (UDAAP).
Electronic Signatures in Global and National Commerce Act (E-Sign Act).

Fair Housing Act (FHAct, 42 U.S.C. § 3601 et seq.), which is executed by the Department of Housing and Urban Development's (HUD) guidelines (24 CFR Part 100), was enacted as Sections 800 to 820 of Title VIII of the Civil Liberty Act of 1968, as amended. FHAct makes it unlawful for lenders to discriminate against anybody in making readily available a property genuine estate-related transaction or to prevent an applicant from sending a loan application based on race, color, nationwide origin, religion, sex, familial status, or handicap.

In particular, FHAct uses to funding or buying a mortgage loan secured by domestic property. Specifically, a lender may not reject a loan or other monetary help for the function of buying, building, improving, fixing, or preserving a house on any of the restricted bases noted above. FHAct likewise makes it unlawful for a lending institution to use a forbidden basis to discriminate in setting the terms or conditions of credit, such as the loan amount, rates of interest, or period of the loan on a forbidden basis.

Furthermore, a lending institution may not express, orally or in writing, a choice based on any forbidden factors or suggest that it will treat candidates differently on a prohibited basis, even if the loan provider did not act upon that statement. A violation might still exist even if a lending institution treated candidates equally.

In addition, because residential genuine estate-related transactions consist of any deals secured by domestic property, FHAct's restrictions (and regulatory requirements in specific areas, such as marketing) use to home equity lines of credit in addition to to home purchase and refinancing loans. These prohibitions also use to the selling, brokering, or appraising of property real residential or commercial property and to secondary mortgage market activities. Consequently, a cooperative credit union's policies, procedures and practices involving housing financing need to be broadly taken a look at to make sure that the credit union does not otherwise make unavailable or reject housing.

Sexual Preference and Gender Identity

Although FHAct does not specifically prohibit discrimination based on sexual preference or gender identity, HUD addressed gay, lesbian, bisexual, and transgender (LGBT) housing discrimination by providing the Equal Access to Housing in HUD Programs Despite Sexual Preference or Gender Identity Rule (Equal Access Rule, 77 Fed. Reg. 5662, Feb. 3, 2012). The Equal Access Rule applies to housing helped or guaranteed by HUD, therefore impacting Federal Housing Administration-approved loan providers and others getting involved in HUD programs. Specifically, a determination of eligibility for housing that is assisted by HUD or subject to a mortgage guaranteed by the Federal Housing Administration will be made in accordance with the eligibility requirements offered such program by HUD, and such housing shall be offered without regard to real or viewed sexual orientation, gender identity, or marital status. (24 CFR § § 5.100 and 5.105( a)( 2 )). The Equal Access Rule ended up being reliable on March 5, 2012.

Fair Housing Act (FHAct, 42 U.S.C. § 3601) can be found here

HUD's Regulations (24 CFR Part 100) can be found here

For Equal Access to Housing in HUD Programs Regardless of Sexual Preference and Gender Identity (Equal Access Rule) can be discovered here

NCUA Rules and Regulations 12 CFR § 701.31 can be discovered here

Definitions utilized in:

- FHAct (42 U.S.C. § 3602) can be discovered here.
HUD Regulations (24 CFR § 100.20) can be discovered here.
Subpart A - Generally Applicable Definitions and Requirements