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Fair lending will not be viewed as fair by everyone. What it really is, is an attempt to make sure that people who may not have as good of credentials as others are still considered for lending.

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12y ago

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Where can I find information on fair lending?

Yes there is a government website that has information on fair lending. Please go to HUD.gov. There you will find all the information you need on the fair lending act.


Do fair lending laws apply to business loans and how do they impact the lending practices of financial institutions?

Yes, fair lending laws apply to business loans. These laws prohibit discrimination in lending based on factors such as race, gender, and ethnicity. Financial institutions must adhere to these laws to ensure fair and equal access to credit for all businesses. Violations can result in penalties and legal consequences for the institution.


Who draws up reports for fair lending from financial institutions?

The main company that writes reports on fair lending from banks are the FDIC. Also known as the Federal Deposit Insurance Corporation. They are extremely credible and trusted.


What has the author Elizabeth Fair written?

Elizabeth Fair has written: 'The Mingham air' 'Julia comes home' -- subject(s): Lending library


What are the regulations for peer to peer lending in Ohio?

Peer-to-peer lending in Ohio is regulated by the Ohio Division of Financial Institutions. Lenders must obtain a license and comply with regulations to protect borrowers and ensure fair lending practices.


What is lending credence?

Lending credence- in arguing your point, when a writer or speaker lends his/her opponent some credit for the opponent's ideas. In this way the writer or speaker persuades her audience that he/she is fair and has done his/her homework, therefore strengthening her own argument.


How can you get a loan with fair credit and no job?

Probably Cant. Lending institutions are in it to make money by lending money if you have no job you have no income. One of the first thing they request for a loan is pay stub, Without a job your to risky to the bank and they are going to laugh you out the door.


What credit score is fair credit?

That would depend on what you are using your credit report for as many industries have changed their criteria for credit lending. For example, in the mortgage industry fair credit use to be 580-620...now it is 680-720...


What were fair rules for a gang fight What did fair mean How were the rules established?

a fair fight means only fists no weapons, by time and common sense is how the rules were established


Are there any laws regarding collections for online payday loans?

Despite all states having specific payday lending rules concerning price, duration, etc., few of them provide any guidance regarding collections processes. Accordingly, the rules are provided as follows in overriding order (i.e., the first bullet will override any of the following bullets, the second bullet will override all bullets except the first, etc.): * If a state has collections components in their payday lending laws, those laws are used * If a state does not have collections components in their payday lending laws but does have collections supported by their fair credit reporting laws, the state fair credit reporting laws on collections are used * If a state doe snot have collections components in either their payday lending laws or fair credit reporting laws, the federal fair credit reporting act provides the guidance on collections


What is business lending?

what is lending business?


How much do I have to pay back in interest if I take a loan out on my 401K?

The interest rate really depends on what the prime lending rate is. As the interest rate is the prime lending rate plus an additional percentage point or two.