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7 Cards in this Set

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  • Back
Annual Percentage Rate (APR)
Total yearly cost of credit.
Blockbusting
The illegal practice of inducing homeowners to sell their property by making misrepresentations regarding the entry or perspective entry of minority persons in order to cause a turnover of properties in the neighborhood; discriminatory acts against sellers.
Civil Rights Act of 1866
A federal act that prohibits any type of discrimination based on race in any real estate transaction (sale or rental) without exception.
Fair Housing Act
And act contained in Title VIII of the Civil Rights Act of 1968 that created protected classes of people and prohibits discrimination when selling or renting residential property when based on race, color, religion, sex, national origin, family status, or handicap status.
Redlining
Discriminatory financing by lending institution.
Steering
Discriminatory acts against buyers.
Triggering Terms
the Truth-in-Lending Act requires creditors to disclose certain information if certain credit terms, called triggering terms, are included in the advertisement. Triggering terms include the amount or percentage of down payment, number of payments, period (term)of repayment, amount of any payment, and the amount of any finance charges.