Final answer:
Section 10 of RESPA requires lenders to provide specific disclosures relating to equal credit opportunity, fair housing, and home mortgage laws when it comes to loans related to a dwelling.
Step-by-step explanation:
Under Section 10 of RESPA (Real Estate Settlement Procedures Act), certain disclosures are required from lenders to borrowers when it comes to loans related to a dwelling. These disclosures primarily concern equal credit opportunity, fair housing, and home mortgage laws.
Specifically, Section 10 requires lenders to provide information related to the borrower's ethnicity, race, and sex, which is used for government monitoring purposes. However, borrowers are not obligated to furnish this information, and lenders cannot discriminate based on whether this information is provided or not.
In order to comply with Section 10, lenders must ensure that the disclosures satisfy all applicable state laws for the specific type of loan being applied for.