Question
Multiple Select
The Home Mortgage Disclosure Act is a regulation that provides public loan data that can be used for which of the following purposes? (Select all that apply.)
Responses
to identify possible discriminatory lending patterns
to identify possible discriminatory lending patterns
to report data on loans not secured by residential dwellings
to report data on loans not secured by residential dwellings
to help public officials in distributing public-sector investments so as to attract private investment to areas where it is needed
to help public officials in distributing public-sector investments so as to attract private investment to areas where it is needed
to determine whether financial institutions are serving the housing needs of their communities
The Home Mortgage Disclosure Act is a regulation that provides public loan data that can be used for which of the following purposes? (Select all that apply.)
Responses
to identify possible discriminatory lending patterns
to identify possible discriminatory lending patterns
to report data on loans not secured by residential dwellings
to report data on loans not secured by residential dwellings
to help public officials in distributing public-sector investments so as to attract private investment to areas where it is needed
to help public officials in distributing public-sector investments so as to attract private investment to areas where it is needed
to determine whether financial institutions are serving the housing needs of their communities
Answers
GPT-4o mini
The Home Mortgage Disclosure Act (HMDA) provides public loan data that can be used for the following purposes:
- **to identify possible discriminatory lending patterns**
- **to help public officials in distributing public-sector investments so as to attract private investment to areas where it is needed**
- **to determine whether financial institutions are serving the housing needs of their communities**
The statement "to report data on loans not secured by residential dwellings" is not applicable, as HMDA primarily focuses on loans secured by residential properties.
- **to identify possible discriminatory lending patterns**
- **to help public officials in distributing public-sector investments so as to attract private investment to areas where it is needed**
- **to determine whether financial institutions are serving the housing needs of their communities**
The statement "to report data on loans not secured by residential dwellings" is not applicable, as HMDA primarily focuses on loans secured by residential properties.