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In 1977 redlining was outlawed by the Community Reinvestment Act. The Act provided that commercial banks and savings institutions have an obligation to help serve the credit needs of their entire community, including low and moderate income borrowers. It also required that those institutions serve the needs in a manner that was consistent with safe and sound banking practices. In other words, the credit worthiness of the borrower was still to be considered in the loan process. The CRA was responding to the perception that savings and loan associations and banks were “redlining†low-income and minority areas, in effect denying credit to areas based on their perceived characteristics rather than the actual creditworthiness of individual loan applications.
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∙ 15y ago
The Fair Housing Act of 1968 outlawed redlining, a discriminatory practice of refusing mortgages or insurance based on location. This law aimed to make it illegal to deny housing opportunities to individuals based on race, color, religion, sex, or national origin.
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What Most discrimination based on race religion sex or national origin was outlawed by?
Most discrimination based on race, religion, sex, or national origin was outlawed by the Civil Rights Act of 1964 in the United States. This landmark legislation prohibits discrimination in areas such as employment, education, and public accommodations based on these protected characteristics.
What legislation helped solve the shrinking wilderness?
The Wilderness Act of 1964 was a key legislation that helped protect and preserve wilderness areas in the United States by establishing the National Wilderness Preservation System. The Act set requirements for the protection and management of wilderness areas, ensuring that these areas would remain wild and undeveloped for future generations.
What Thesis statement about why hunting should not be outlawed?
Hunting should not be outlawed because it can help control overpopulation of certain animal species, provide a source of food and income for many individuals, and can promote wildlife conservation efforts through regulated hunting practices.
Why health and safety and welfare lagislation are relevant to the workplace brickalying?
Health and safety legislation is relevant to bricklaying workplaces to ensure that workers are protected from hazards like falling debris and lifting heavy materials. Welfare legislation is important to provide amenities like rest areas and adequate ventilation to promote the well-being of workers and prevent injuries or health issues. Compliance with these regulations helps create a safe and healthy work environment for bricklayers.
What law abolish slavery in all regions of US?
emancipation proclamation <><><><> Sorry, but no. That only freed slaves in areas that were AT THAT TIME in rebellion against the Union. The 13th Amendment to the Constitution outlawed slavery on December 6, 1865.
What was outlawed in India 1950?
The caste system was outlawed in India in 1950. However, many areas of India still exhibit these traits and characteristics.
What has the author Barbara J Lausche written?
Barbara J. Lausche has written: 'Guidelines for protected areas legislation' -- subject(s): Natural areas, Law and legislation, Protected areas
What Thesis statement about why hunting should not be outlawed?
Hunting should not be outlawed because it can help control overpopulation of certain animal species, provide a source of food and income for many individuals, and can promote wildlife conservation efforts through regulated hunting practices.
Does an association have a mortgage?
It is not common for homeowner's associations to grant mortgages. However, a quick check in the land records under the name of the association would reveal any mortgages. In some cases a HOA may hold title to conservation areas, buffers or common areas and in that case they may have the authority to grant mortgages. This would be more likely in a planned community rather than a condominium project.
What happens when you redline in real estate?
Redlining in real estate refers to when a lender denies mortgage loans, or charges more for mortgage loans, based on a particular geographic location, such as a neighborhood. The term "redlining" was coined by John McKnight in the 1960s and is used because it represents categorizing areas where banks would not lend by drawing a red line on a map around such a neighborhood. The practice is illegal because the criteria for extending credit is supposed to be based on financial characteristics of the individual, not on where the individual lives. Lenders who practiced redlining in the past often used it to discriminate against lower income neighborhoods, which typically housed minority populations.
What two areas where roosevelts progressivism made its substantial headway?
consumer and conservation legislation.
How you control the urban areas?
Well, it entirely depends on which regard you want to control it. if it is population, the government could introduce new legislation that discourages people to live in densely populated areas, or legislation that encourages people to move into high density housing and not join the trend of urban sprawl.
How can you use House of Representatives in a sentence?
After she was elected to the House of Representatives, she backed legislation in the areas of trade equality and environmentalism.
What has the author Frank Wheat written?
Frank Wheat has written: 'California desert miracle' -- subject(s): Desert conservation, Law and legislation, United States, Wilderness areas 'California desert miracle' -- subject(s): United States, Desert conservation, Law and legislation, Wilderness areas
What has the author Kamal Hossain written?
Kamal Hossain has written: 'Law and policy in petroleum development' -- subject(s): International business enterprises, Law and legislation, Petroleum law and legislation, Underdeveloped areas
What are the five major areas of presidential duties?
# Foreign Affairs # Domestic and Military Administration # Legislation # Appointment # Judicial Functions
Can you smoke in public area's Bulgaria?
Yes, although legislation to ban smoking in public areas is being currently discussed.
