25min | Credits: 0.50 CRCM
This course helps prepare you to comply with the federal Fair Housing Act (FHA). FHA is one of several civil rights laws enacted to ensure equal opportunity in housing and erase existing patterns of residential racial segregation.
Discrimination in housing not only limits choice of housing, but it can be painful, degrading, and costly for individuals and families.
Audience: Compliance and risk management professionals including compliance managers, officers, and other team members whose primary role is within the compliance function at their financial institution; bank examiners, bank regulators, and auditors.
After completing this course, students will be able to:
- Describe the purpose of the Fair Housing Act (FHA) and the prohibited bases of discrimination
- Describe requirements to comply with the three categories of coverage in the FHA (discrimination, advertising, and recordkeeping)
- List suggested practices to build a control environment that ensures compliance with the FHA
- Describe potential consequences of noncompliance with the FHA
Created: March 2022