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Scope of Fair Lending Cases

Question: 
Fair lending is a mortgage lending issue. Correct?
Answer: 

Many fair lending cases do involve mortgage loans, but fair lending is broader than just mortgage lending. Fair lending involves both the Fair Housing or Equal Credit Opportunity Acts. The Fair Housing Act involves housing related credit, but the Equal Credit Opportunity Act applies to all types of credit.

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Learn more about Jack Holzknecht’s webinar Fair Lending - Do Your Lenders Know the Requirements?

First published on 10/20/2019

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