HUD Housing Counseling Exam| 198 QUESTIONS| WITH COMPLETE SOLUTIONS

Federal law granting citizenship to former slaves; passed over Johnson's veto. (Race and Color) Correct Answer: Civil Rights Act of 1866 banned discrimination in the rental or sale of housing (Race, color, religion, national origin) Correct Answer: Fair Housing Act of 1968 added gender (sex) to the protected classes Correct Answer: Housing and Community Development Act of 1974 Added Disability and familial status to protected classes. Correct Answer: Fair Housing Amendments Act of 1988 Requires lenders and brokers to ensure that applicants understand the terms and fees of the mortgage transaction that they are considering Correct Answer: Real Estate Settlement and procedures Act RESPA Requires financial institutions to maintain and annually disclose date about home purchases, home purchase pre-approvals, home improvements and refinance applications involving 1 to 4 unit and multifamily dwellings Correct Answer: Home Mortgage Disclosure Act (HMDA) Prohibits persons from tampering with computers or accessing certain computerized records without authorizations. The Act also prohibits providers of electronic communications services from disclosing the contents of stored communications. Correct Answer: Electronic Communications Privacy Act A congressional act that encourages mortgage originators to actively lend in their communities and that requires financial institutions to evaluate the "fairness" of their lending practices. Correct Answer: Community Reinvestment Act CRA Restricts the collection and use of information that would result in housing discrimination on the basis of race, sex, religion, national origin and a variety of other factors. Correct Answer: Fair Housing Act Prohibits discrimination by direct providers of housing, such as landlords and real estate companies as well as other entities, such as municipalities, banks of other lending institutions and homeowners insurance companies whose discriminatory practices make housing unavailable to persons because of: Race or Color, Religion, Sex/Gender, National Origin, Familial Status, Disability.. Correct Answer: Fair Housing Statute Opens up services and employment opportunities to the 43 million Americans with disabilities. Correct Answer: Americans with Disabilities Act ADA Protects consumers from abusive, unfair, and deceptive pr