Quiz for Steering Clear of Trouble: Navigating Fair Lending Regulations

1. Which of the following are not a type of discrimination?

1. The bank does not need joint intent for?

(True/False) Other regulations, such as HDMA and CRA, can be indicators of fair lending concerns

1. Which type of adverse action is not required to be sent within 30 days of an application

1. (True/False) ECOA only applies to credit products, not deposit products.

1. When must the bank collect GMI information?

Which of the following are not a prohibited basis

When the bank advertises in a specific area, the bank should be concerned with what issue?

1. When a mortgage lender is deliberately guiding loan applicants or potential purchasers away from certain loan products, this is called:

1. (True/False) When marketing, the bank should evaluate the marketing practice to ensure that there is not a redlining or disparate impact concern?