What regulation requires the use of the Equal housing Lender logo on written advertisements for home related lending products?

Fair Housing Advertising Advertising. The authority for fair housing requirements in credit advertising is the Fair Housing Act. Historically, HUD has mandated the use and size of the fair housing, or “outhouse,” logo.

What does it mean when it says Equal housing Opportunity?

Equal opportunity housing (sometimes also referred to as “equal housing opportunity”) means that everyone has an equal right to be judged fairly in financing decisions related to housing. Under these laws, you also have a right to rent accommodations wherever you want, provided you can afford it.

Is Equal housing Opportunity Legit?

The law makes illegal any discrimination in the sale, lease or rental of housing, or making housing otherwise unavailable, because of race, color, religion, sex, handicap, familial status, or national origin.

What is covered under the Fair Housing Act?

Who Is Protected? The Fair Housing Act prohibits discrimination in housing because of: Race. Color.

Which logo must be prominently displayed in all branch offices of a lender?

HMDA Reporting. Federal Regulation C requires lenders to prominently display a poster in every branch office lobby that provides information on requesting their unique HMDA statistics. 7 These statistics can also be viewed by the public online for free at the CFPB data repository.

What terms does HUD find unacceptable in advertising?

Examples of advertising that may violate the Act include phrases such as “no children,” which indicates discrimination on the basis of familial status, or “no wheelchairs,” which indicates disability discrimination.

Do I qualify for Equal housing Opportunity?

Who is eligible for Equal Opportunity in Housing? In order to qualify for this benefit program, you must claim that you have been denied housing or financial assistance due to discrimination.

Why is Fair Housing important?

It seeks to ensure that nobody is discriminated against in property transactions on the basis of his or her protected class. The Importance of Fair Housing Act lies in the fact that brokers, sellers, lenders, and insurers cannot adopt discriminatory policies against people in the protected class.

What are the 3 types of real estate?

The Three Types

  • Residential real estate—This does include flipping houses.
  • Commercial real estate—This is the sort of property where businesses are located.
  • Industrial real estate—This is the kind of property where industrial “behind the scenes” elements of business get done.

What are the 7 protected classes?

Federal protected classes include:

  • Race.
  • Color.
  • Religion or creed.
  • National origin or ancestry.
  • Sex (including gender, pregnancy, sexual orientation, and gender identity).
  • Age.
  • Physical or mental disability.
  • Veteran status.

What are HUD violations?

Housing providers who refuse to rent or sell homes to people based on race, color, national origin, religion, sex, familial status, or disability are violating federal law, and HUD will vigorously pursue enforcement actions against them.

What is respa in mortgage?

The Real Estate Settlement Procedures Act of 1974 (RESPA) (12 U.S.C. The act requires lenders, mortgage brokers, or servicers of home loans to provide borrowers with pertinent and timely disclosures regarding the nature and costs of the real estate settlement process.

What kind of logo does Equal Opportunity Lender use?

Where no state law/regulation applies, the best practice is to use the unmodified EHL logo, unmodified EHO logo, the words “Equal Housing Lender,” and/or the words “Equal Opportunity Lender.”

What should the Equal Housing Lender logo look like?

Use of the Equal Housing Lender logo (EHL) consisting of the house with an equal sign inside and the words “Equal Housing Lender” under the house will satisfy this requirement. In some advertisements, HUD’s Equal Housing Opportunity logo (EHO) may be used. The EHL (or EHO), including the equal sign and words, should be clearly legible when used.

Is the HUD equal housing opportunity logo legible?

In some advertisements, HUD’s Equal Housing Opportunity logo (EHO) may be used. The EHL (or EHO), including the equal sign and words, should be clearly legible when used.

Can a National Bank be an Equal Opportunity Lender?

National Banks: No specific regulatory requirements exist for national banks to provide the EHL/EHO or state “Equal Housing Lender” or “Equal Opportunity Lender” in advertisements related to dwellings.