OH 3.0 hours Civil Rights - Course Syllabus
3.0 Civil Rights
To further ensure that discrimination does not occur in housing transactions, the Fair Housing Act prohibits discrimination in residential real-estate related transactions. In general, it shall be unlawful for any person or other entity whose business includes engaging in residential real estate-related transactions to discriminate against any person in making available such a transaction, or in the terms or conditions of such a transaction, because of race, color, religion, sex, handicap, familial status, or national origin.
Residential real estate-related transaction can mean the making of a loan for purchasing, constructing, improving, repairing, or maintaining a dwelling, and the selling, brokering, or appraising of residential real property. Prohibited actions include refusing to provide information about the availability of loans, failing to provide loans, and providing discriminatory appraisal services based on color, familial status, handicap, national origin, race, religion, or sex.
Redlining and predatory lending are common discriminatory practices. Redlining occurs when brokers, insurance companies, and mortgage lenders "write off an entire neighborhood" and refuse to conduct business there. Predatory lending occurs under different circumstances like when a borrower receives extremely unreasonable loan terms or qualifies for a prime loan but is led to the sub-prime market.
This course describes federal fair housing act and how fair housing laws pertain to brokering, financial, and appraisal services.