What is the purpose of the Fair Housing Act?

Prepare for the CFPB Mortgage Compliance Training Test. Study with flashcards and detailed questions and explanations. Master your knowledge and excel in your exam!

The purpose of the Fair Housing Act is to ensure equitable access to housing without discrimination. This federal law was enacted to eliminate discrimination in housing based on race, color, national origin, religion, sex, familial status, or disability. It aims to create a level playing field in the housing market, allowing individuals to seek housing opportunities without facing unfair barriers or bias. By promoting fair and equal treatment in housing, the Fair Housing Act supports the principle of fairness and equality that is fundamental to the American housing market. This involves protecting individuals from discriminatory practices by landlords, real estate agents, mortgage lenders, and other housing providers, fostering an inclusive environment for all.

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