Is the equal housing logo required?

Is the equal housing logo required?

While the EHL is not required on any advertisement that does not promote any loan for purchasing, constructing, improving, repairing or maintaining a dwelling or any loan secured by a dwelling, nothing prohibits its use on such advertisements.

Is Equal Housing Lender legit?

The terms equal housing lender and equal opportunity lender are synonymous and refer to all banks insured by the Federal Deposit Insurance Corporation in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status.

What regulation requires the use of the Equal Housing Lender logo on written advertisements for home related lending products?

Fair Housing Advertising Advertising. The authority for fair housing requirements in credit advertising is the Fair Housing Act. Historically, HUD has mandated the use and size of the fair housing, or “outhouse,” logo.

Which logo must be prominently displayed in all branch offices of a lender?

Federal Regulation C requires lenders to prominently display a poster in every branch office lobby that provides information on requesting their unique HMDA statistics.

What does the equal housing logo mean?

According to HUD guidelines, all advertising of residential real estate for sale or rent should contain an equal housing opportunity logotype, statement, or slogan as a means of educating the home-seeking public that the property is available to all persons, regardless of race, color, religion, sex, handicap, familial …

What size should the Fair Housing Poster be?

The Familial Status poster is 16 x 20 inches or a smaller 7 x 10 inches and targets families with children. The poster was created in partnership with the National Fair Housing Alliance. The Race Discrimination poster is 16 x 20 inches or a smaller 7 x 10 inches and targets race discrimination.

What can a lender legally discriminate on?

Mortgage Lending Discrimination The Fair Housing Act, another federal law that is relevant to mortgage lending, prohibits lenders from discriminating on the basis of race, religion, color, national origin, sex, familial status, or disability in housing sales or loans.

Which person or entity is covered by the Fair Housing Act?

The Fair Housing Act covers most housing. In very limited circumstances, the Act exempts owner-occupied buildings with no more than four units, single-family houses sold or rented by the owner without the use of an agent, and housing operated by religious organizations and private clubs that limit occupancy to members.

What is included in the Truth in Lending Act?

The Truth in Lending Act (TILA) protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.

What is Tila act?

Who is responsible for enforcing the Fair Housing Act?

The Department of Fair Employment and Housing
The Department of Fair Employment and Housing (DFEH) is responsible for enforcing state fair housing laws that make it illegal to discriminate because of a protected characteristic (see “What is Protected”).

What does Equal Housing Lender mean?

Equal housing lender. The terms equal housing lender and equal opportunity lender are synonymous and refer to all banks insured by the Federal Deposit Insurance Corporation in the United States. Such banks are prohibited from discriminating on the basis of race, color, religion, national origin, sex, handicap, or familial status.

What does equal housing sign mean?

Equal Housing Lender The symbol within the house is a sign that your bank is a Fair Housing and Equal Opportunity lender, with the view of creating equal housing opportunities for everyone in America. As a member, the bank ensures that anyone looking to buy or improve a house is not discriminated against for a loan on…

What is a fair housing tester?

Fair Housing testers are usually individuals from the local community who have been specifically trained to conduct fair housing tests. Many are civic-minded volunteers, although most are paid on a per test basis.

What are federal Fair Housing laws?

Fair Housing Laws Law and Legal Definition. Fair housing laws are the federal, state and local laws which forbid discrimination based on race, sex, color, religion or national origin in the selling or renting of homes, apartments and in other transactions. These laws are codified in Title VIII of the 1968 Civil Rights Act,…