Question

Which of the following is to insure that various financial institutions and other firms engaged in granting credit, exercise their responsibility to make credit available without discrimination based on the basis of sex or marital status?

a. ECOA
b. RESPA
c. FACTA
d. HMDA

Answer 1

The correct answer is HMDA.

Step-by-step explanation:

The correct answer to this question is d. HMDA.

HMDA stands for Home Mortgage Disclosure Act, which is a federal law that requires financial institutions to provide certain information about their mortgage lending practices. This includes data on the types of loans offered, loan approval rates, and demographic information of applicants, such as sex and marital status. The purpose of HMDA is to ensure that financial institutions do not discriminate on the basis of sex or marital status when granting credit.