Disclosures: Fair Housing & Equal Credit Opportunity Acts




The Fair Housing Act prohibits discrimination in residential real estate–related transactions based on  race or color, national  origin, religion, sex, familial status, and/or disability. For more information, visit hud.gov/fairhousing.  

To file a complaint online, click here or file via phone by dialing either 1-800-669-9777 or 1-800-877-8339.

The Equal Credit Opportunity Act prohibits discrimination in credit transactions based on
 race or color, national origin, religion,  sex, marital status, age*, applicant’s receipt of income from a public assistance program, applicant’s exercise, in good faith, of any right under the Consumer Credit Protection Act. For more information, visit consumerfinance.gov.  

To file a complaint online, click here or call toll free (855) 411-2372.

*Age is a prohibited factor provided the applicant has the capacity to enter a contract.


Fair lending laws also contain provisions to address predatory lending practices. Some examples follow:

  • Collateral or equity “stripping”: The practice of making loans that rely on the liquidation value of the borrower’s home or other collateral rather than the borrower’s ability to repay.
  • Inadequate disclosure: The practice of failing to fully disclose or explain the true costs and risks of loan transactions.
  • Risky loan terms and structures: The practice of making loans with terms or structures that make it more difficult or impossible for borrowers to reduce their indebtedness.
  • Padding or packing: The practice of charging customers unearned, concealed, or unwarranted fees.
  • Flipping: The practice of encouraging customers to frequently refinance mortgage loans solely for the purpose of earning loan-related fees.
  • Single-premium credit insurance: The requirement to obtain life, disability, or unemployment insurance for which the consumer does not receive a net tangible financial benefit.