Home Mortgage Disclosure and Equal Credit Opportunity: Hearings Before the Committee on Banking, Housing and Urban Affairs, United States Senate, Ninety-fourth Congress, Second Session ... November 23, 1976 |
From inside the book
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Page 4
... reason for its limited use- fulness is threefold . " First , the Home Mortgage Disclosure Act was designed not as an enforcement tool but as a means whereby depositors and local public officials could learn how particular depository ...
... reason for its limited use- fulness is threefold . " First , the Home Mortgage Disclosure Act was designed not as an enforcement tool but as a means whereby depositors and local public officials could learn how particular depository ...
Page 20
... reasons for such refusal . 12 . Does the bank refuse to make loans to members of minority groups seeking to purchase residential property in areas where there are no or few minority group residents ? If so , specify area and reasons for ...
... reasons for such refusal . 12 . Does the bank refuse to make loans to members of minority groups seeking to purchase residential property in areas where there are no or few minority group residents ? If so , specify area and reasons for ...
Page 30
... reason does not pro- mulgate the regulations - we believe that they will - and if for some reason HUD doesn't , it is our feeling at the moment that we probably will promulgate some regulations on our own to affect the people that we ...
... reason does not pro- mulgate the regulations - we believe that they will - and if for some reason HUD doesn't , it is our feeling at the moment that we probably will promulgate some regulations on our own to affect the people that we ...
Page 34
... reasons for such . " Now that's a question which you deem relevant to enforcement of the 1969 Civil Rights Act . We currently ask for estimates . The mort- gage disclosure data will give objective facts . Why don't you use that ? Mr ...
... reasons for such . " Now that's a question which you deem relevant to enforcement of the 1969 Civil Rights Act . We currently ask for estimates . The mort- gage disclosure data will give objective facts . Why don't you use that ? Mr ...
Page 38
... reason and solve the problem without creating a great financial burden keening racial and other data . How does that help the prob- lem of redlining ? I'm sure it's helpful for affirmative action programs . I would agree with that , but ...
... reason and solve the problem without creating a great financial burden keening racial and other data . How does that help the prob- lem of redlining ? I'm sure it's helpful for affirmative action programs . I would agree with that , but ...
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Common terms and phrases
adverse action agencies ALBANY PARK amended applicant applicant's appraisal AUBURN GRESHAM black housing buyers census tract CHAIRMAN CHICAGO LAWN City of Chicago COMMUNITY AREA community groups compliance Comptroller CONSUMER LOANS Credit Opportunity Act creditor creditworthiness depository institution Development disclosure data disinvestment downpayment ECOA enforcement Equal Credit Opportunity Federal Home Loan Federal Reserve Federal Reserve System Federal Savings FHA loans financial institutions GAGE PARK home improvement loans Home Loan Bank Home Mortgage Disclosure Illinois income investment July proposal legislation lenders lending institutions LOANS LOANS marital status Mortgage Disclosure Act mortgage loans National Bank Non-redlined neighborhood PARK payments programs racial change real estate Real Estate Appraisers Redlined neighborhood reinvestment request RESIDENTIAL LOANS Savings and Loan Section Senator GARN SMSA SOUTH LAWNDALE South Shore spouse statement tion total home improvement units urban Washington ZIP code(s zone
Popular passages
Page 453 - The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided...
Page 521 - ... subsection, a violation of any requirement imposed under this title shall be deemed to be a violation of a requirement imposed under that Act. In addition to its powers under any provision of law specifically referred to in subsection (a), each of the agencies referred to in that subsection may exercise, for the purpose of enforcing compliance with any requirement imposed under this title, any other authority conferred on it by law.
Page 507 - These regulations may contain such classifications, differentiations, or other provisions, and may provide for such adjustments and exceptions for any class of transactions, as in the judgment of the Board are necessary or proper to effectuate the purposes of this title, to prevent circumvention or evasion thereof, or to facilitate compliance therewith.
Page 529 - All executive departments and agencies shall administer their programs and activities relating to housing and urban development in a manner affirmatively to further the purposes of this title and shall cooperate with the Secretary to further such purposes.
Page 493 - State government or unit of general local government is engaged in a pattern or practice in violation of the provisions of this section, the Attorney General may bring a civil action in any appropriate United States district court for such relief as may be appropriate, including injunctive relief.
Page 441 - Act. (b) It shall not constitute discrimination for purposes of this title for a creditor — (1) to make an inquiry of marital status if such inquiry is for the purpose of ascertaining the creditor's rights and remedies applicable to the particular extension of credit and not to discriminate in a determination of credit-worthiness...
Page 499 - SMSA's or otherwise) in the series "1970 Census of Population and Housing: CENSUS TRACTS, Final Reports, PHC(l) Series" prepared by the Bureau of the Census of the United States Department of Commerce.
Page 418 - An action to enforce any liability created by this title may be brought in any appropriate United States district court without regard to the amount in controversy, or in any other court of competent jurisdiction, within one year from the date on which the violation occurs.
Page 513 - Open end credit" means consumer credit extended on an account pursuant to a plan under which (1) the creditor may permit the customer to make purchases or obtain loans, from time to time, directly from the creditor or indirectly by use of a credit card, check, or other device, as the plan may provide...
Page 25 - This Statement on National Policy represents the views of the members of the Research and Policy Committee of the Committee for Economic Development and of the Subcommittee responsible for drafting it. The...