A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress d

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katen-ka-za [31]

2 years ago

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A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress d

iscrimination against neighborhoods on the basis of demographics, a practice called

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1 answer:

Artemon [7] · Answer 1 · 2023-03-22T16:24:33+03:00

A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.

<h3>What is community reinvestment act?</h3>

This is an Act passed in to law to help reduce that discrimination that often occur among the low income individual and the high class individual in a particular environment.

Therefore, A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.

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