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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.
What else can I help you with?
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 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.
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 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.
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 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 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 does redlining a stripe meaning?
"Redlining a stripe" typically refers to the practice of marking or highlighting specific areas, often in a map or document, to indicate a particular status or classification. In a broader context, it can be related to the historical practice of redlining, where certain neighborhoods, often based on racial demographics, were marked to deny them access to services like loans and insurance. This term may also be used metaphorically to describe the exclusion of certain groups from opportunities or resources.
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 is geographic redlining?
Geographic redlining is a discriminatory practice where financial institutions, insurers, and other entities outline specific areas, often predominantly inhabited by minority communities, as high-risk for investment or service provision. This leads to systemic denial of loans, insurance, and other resources, effectively marginalizing these neighborhoods and perpetuating economic disadvantages. The term originated from the practice of using red ink to mark maps, indicating areas deemed undesirable for lending. As a result, redlining has long-lasting effects on community development, homeownership rates, and wealth accumulation among affected populations.
Describe how redlining may affect the educational system?
Redlining can lead to segregated neighborhoods with disparities in school funding and resources. This can result in schools in redlined areas having higher concentrations of poverty and fewer opportunities for academic success. As a result, students in these schools may face additional challenges in accessing quality education and academic support.
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 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.
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.
