Sentences with phrase «discriminate against any lender»

Colleges may not discriminate against any lender or require families to borrow only from lenders on the preferred lender list.

The QM should be broad based and cover a wide range of traditionally safe products and reliable underwriting criteria and should not discriminate against lenders with affiliates.

Not exact matches

The CFPB in March 2013 released guidance holding lenders responsible for «unlawful, discriminatory pricing» in auto loans, outlining how to comply with a 1970s law that makes it illegal for creditors to discriminate against applications.

Luckily for Missouri residents who have less than impressive credit history, lenders of title loans do not discriminate against borrowers with poor credit scores.

Lenders can not discriminate against you because some or all of your income comes in the form of public assistance, child support, alimony, Social Security, part - time employment, pensions or annuities.

ECOA prohibits lenders from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age, the fact that all or part of the applicant's income comes from any public assistance program, or the fact that the applicant has exercised any right under any federal consumer credit protection law.

If you think you have been discriminated against, cite the law to the lender.

Recently, the National Community Reinvestment Coalition asked HUD to investigate 22 lenders that impose stricter underwriting criteria than required by FHA to insure mortgages, claiming that requiring higher credit scores discriminates against minority mortgage applicants.

Fair Housing Act: An act created by the federal government that makes it illegal for lenders, sellers, agents, brokers, and anyone involved in the sale or purchase of a home to discriminate against a buyer for any reason.

If you feel you have been discriminated against by a lender or anyone else in the home buying process in violation of the ECOA or the Fair Housing Act, you may contact a federal regulatory agency to submit a complaint.

This legislation would ban FFELP lenders from discriminating against eligible borrowers based on the borrower's choice of an eligible educational institution, length of the borrower's program, academic year in school or the borrower's income.

This page discusses the extent to which education lenders can discriminate against certain types of eligible borrowers in the origination of federal education loans.

Our process for Online Personal Loans is a little bit different because our lenders do not discriminate against credit history.

-- No agency, organization, institution, bank, credit union, corporation, or other lender who regularly extends, renews, or continues credit or provides insurance under this part shall exclude from receipt or deny the benefits of, or discriminate against any borrower or applicant in obtaining, such credit or insurance on the basis of race, national origin, religion, sex, marital status, age, or handicapped status.

On Sept. 30, 2014, NAR wrote to Consumer Financial Protection Bureau (CFPB) director Richard Cordray expressing concern that the CFPB's guidance on mini-correspondent lenders realting to the Ability to Repay / Qualified Mortgage (QM) rule not be interpreted in a way that would reduce access to credit by unfairly discriminating against smaller lenders.

In both cases, it makes no sense to discriminate against the affiliated lender by making them count these charges toward fees and points when an unaffiliated lender would not.

Fair Lending Is a Law The law prohibits lenders from discriminating against credit applicants in any aspect of a credit transaction on the basis of race, color, religion, national origin, sex, marital status, age and etc..

Lenders tended to view white neighborhoods as safe for mortgage lending, while tending to discriminate against predominantly African - American neighborhoods.