Bank to pay $7,500 for denying loan to lesbians
The case against Bank of America was the first of its type since the Department of Housing and Urban Development issued new anti-discrimination rules.
Bank of America has agreed to pay $7,500 to settle allegations that it refused to grant a loan to a lesbian couple because of their marital status and sexual orientation.
The case is the first of its type since the Department of Housing and Urban Development issued a new rule requiring equal access to housing in HUD programs regardless of sexual orientation or gender identity. That rule says lenders cannot base decisions about loans backed by the Federal Housing Administration on sexual orientation, gender identity or marital status.
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"The HUD Equal Access Rule means just what it says: One’s sexual orientation, gender identity or marital status is not a legitimate basis on which to deny a mortgage," John Trasviña, HUD’s assistant secretary for fair housing and equal opportunity, said in a news release. "Members of the housing industry should take note of this settlement agreement. HUD will enforce its regulations to make sure its programs are truly open to all qualified families."
The rule also applies to all other housing program administered by HUD.
It’s not unusual for unmarried couples -- or other people who are unrelated, such as business partners -- to seek a mortgage together.
In this case, two women, who were not identified in the HUD press release, were seeking to buy a home together in South Daytona Beach, Fla., using an FHA-backed mortgage. Because one did not have a job, her mother agreed to be a co-signer.
Everything went fine until one business day before the closing, HUD said, when "BOA denied the mortgage because it did not consider the loan applicant and the co-applicant directly related because the applicant and her partner were not married."
Bank of America agreed to pay HUD $7,500, update its training programs and remind its employees they are prohibited from discriminating against FHA loan applicants on the basis of sexual orientation, gender identity or marital status.
There was no immediate comment from Bank of America, but HUD praised the lender for "taking immediate corrective action after HUD notified BOA of the violation."
Equal rights has nothing to do with gay marriage. The constitution of marriage is based on the premise of heterosexuality and surprisely enough, to these equally bigoted gay people, is the sexual union from which all of them ae derived.
here is a great example of only the gays can say, do, or say thing... if u say something about the gays then u get stupid people, who start the name calling really impressive (not really) . betty u r not the brightest lady (if u even deserve that title)
Here it comes the race card when they do not get their way!
You know people, contrary to popular belief, for every person out there who accepts gay couples, there are just as many people who do not accept it. And for all these people who pull out the "fill in the blank" card (race, gender, sexual orientation, age), without any real proof, just hurt themselves and everyone else in the long run. Discrimination does unfortunately still happen, and you can only hope that people will learn to be more understanding. The article does not give specifics on why the ladies were denied a loan. Could have been a bad risk, you know credit history, no collateral, etc. etc. You want everyone on the planet to accept your way of life, but you out right refuse to accept anyone else's way of life. Get over yourselves. You are not the center of the universe.
No wonder why the banks are in trouble - with the government forcing them to accept foolish rules & laws such as these.
Marriage is between a Man and a Woman. Period.
Bank of America was correct in this matter.