What does the Fair Housing Act do? The Fair Housing Act expressly prohibits discriminatory practices, policies and behavior among those involved with the housing rental, purchase and financing industry. Specifically, the law prohibits discrimination by landlords, real estate companies, lending institutions...
The Fair Housing Act, on the other hand, doesn't explicitly distinguish between consumer loans and business loans. Types of Loans Business lending can help all different kinds of businesses. Some common uses for business loans include: Loans to even out cash flow ("working capital loans") ...
Find out who is protected by the federal Fair Housing Act of 1968, how to spot housing discrimination and ways to report it. Fair housing laws protect against discrimination from landlords, real estate companies, real estate agents, cities or other governing bodies, banks or other lending institu...
If you believe an instant loan is really your only option, read your state’s regulations for payday lending. States impose maximum loan amounts, fee and rollover restrictions — as well as other requirements for payday lenders — to discourage predatory lending practices. ...
Fair Lending: What To Do When The Government Comes KnockingPaul F. Hancock
You are still legally obligated to pay the debt. Lenders often sell debt in default to debt collection agencies that will try to recover payment from you. By law, they must follow theFair Debt Collection Practices Act, which limits how and when they communicate with you. ...
Payment is normally duewithin nine monthsof an individual's passing, although an executor of an estate can request a six-month extension. The Tax Cuts and Jobs Act of 2017temporarily doubledthe estate tax exclusion limit. Without congressional action, however, the limit will revert to $5 milli...
Home Ownership and Equity Protection Act: The Home Ownership and Equity Protection Act is another federal law that aims to reduce predatory lending by ensuring that the lender discloses all pertinent information to the borrower. State laws: In addition to the federal laws, some states — includi...
What Is the Fair Debt Collection Practice Act? A creditor often seeks repayment through the process outlined in the loan agreement. TheFair Debt Collection Practices Act(FDCPA) protects the debtor from aggressive or unfair debt collection practices and establishes ethical guidelines for the collection ...
The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to deny credit to an applicant based on any factor unrelated to the person's ability to repay.