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 Rights Act of 1968, as modified. FHAct makes it unlawful for lenders to victimize anyone in offering a property real estate-related transaction or to prevent a candidate from submitting a loan application based on race, color, national origin, religious beliefs, sex, familial status, or handicap.

In specific, FHAct uses to financing or purchasing a mortgage loan secured by domestic realty. Specifically, a lender may not reject a loan or other financial support for the function of purchasing, constructing, improving, repairing, or maintaining a dwelling on any of the forbidden bases kept in mind above. FHAct also makes it illegal for a lending institution to utilize a prohibited basis to discriminate in setting the terms or conditions of credit, such as the loan quantity, rates of interest, or period of the loan on a forbidden basis.

Furthermore, a loan provider might not reveal, orally or in writing, a preference based on any forbidden factors or indicate that it will treat applicants differently on a prohibited basis, even if the lender did not act on that declaration. An offense may still exist even if a lender dealt with applicants equally.

In addition, due to the fact that residential real estate-related transactions include any transactions secured by property genuine estate, FHAct's prohibitions (and regulative requirements in certain areas, such as marketing) use to home equity lines of credit along with to home purchase and refinancing loans. These restrictions also use to the selling, brokering, or appraising of property genuine residential or commercial property and to secondary mortgage market activities. Consequently, a credit union's policies, procedures and practices including housing financing must be broadly analyzed to make sure that the credit union does not otherwise make not available or reject housing.

Sexual and Gender Identity

Although FHAct does not specifically restrict discrimination based on sexual preference or gender identity, HUD resolved 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, thereby 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 based on a mortgage insured by the Federal Housing Administration shall be made in accordance with the eligibility requirements attended to such program by HUD, and such housing shall be provided 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 became effective 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 Despite Sexual Orientation and Gender Identity (Equal Access Rule) can be found here

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

Definitions utilized in:

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