Fair Housing: Mortgage Lending Activities & Insurance

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Prepared by: Community Development Department, City Of Decatur, Alabama. For more information on Fair Housing or on how to file a complaint, contact Fair Housing Center of Northern Alabama, Birmingham, AL, at 866-740-1040 or www.fhcna.com.

THE FAIR HOUSING ACT This federal law makes it unlawful to discriminate in connection to any housing-related transactions based on race, color, religion, national origin, gender, disability or familial status. This includes mortgage lending and homeowners insurance concerns.

Sources: Electronic Code of Federal Regulation Title 24: Housing and Urban Development, October 29, 2010; Fair Housing Council of Suburban Philadelphia, 2008


OTHER POTENTIALLY DISCRIMINATORY ACTIONS BY INSURANCE COMPANIES INCLUDE: • Basing coverage on the age of the home • Basing coverage on the value of the home

Lending Activities

Studies show that some insurance companies have

The Fair Housing Amendments Act of 1988 makes it

policies that restrict access to coverage or to the

illegal for a bank or other financial institution to take the

most desirable coverage, based on the value or

following actions based on race, color, religion, national

age of the dwelling. Age restrictions (which can

origin, sex, handicap, or familial status:

start at 30 years) and housing value limitations that restrict access to the most desirable policies have

• Refuse to make a mortgage loan on the basis

the basis of a protected class

• Set different terms and conditions for purchasing

a loan on the basis of a protected class

• Refuse to purchase a loan on the basis of

basis of a protected class

• Discriminate in the appraising of a property on

basis of a protected class

• Impose different terms and conditions on the

Insurance Concerns

of a protected class

• Refuse to provide information on loans on the

a protected class

a significant and disproportionate adverse effect

on minorities who are most likely to live in the neighborhoods with the older homes.

Homeowners insurance “red lining” is a form of discrimination where an insurance agency or agent treats homeowners differently – such as charging higher rates – not because of their minority status, but because of the minority composition of the neighborhood in which their home is located. Discrimination of this nature may take the form of: • Imposing different terms and conditions for

coverage of homes in minority neighborhoods

• Refusing/failing to write policies for applicants

in minority neighborhoods

• Refusing/failing to market its products in

minority areas

• Discouraging applicants from minority

neighborhoods


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