Under which regulation is a lender held accountable for allowing discrimination based on a handicapped status?

The Fair Housing Act (FH Act) is the correct answer because it explicitly prohibits discrimination in housing practices based on several protected characteristics, including disability (or handicapped status). This Act is a key piece of civil rights legislation that aims to ensure equal housing opportunities and eliminate housing discrimination. Lenders, as well as landlords and other housing providers, are held accountable under this law for any discriminatory practices.

The Fair Housing Act covers a range of discriminatory actions, including refusal to rent or sell housing, making housing unavailable, and imposing different terms or conditions on housing transactions based on an individual’s handicapped status. This comprehensive approach helps protect the rights of individuals with disabilities in the housing market.

The Graham-Leach-Bliley Act primarily addresses the privacy of consumer financial information, the Telephone Consumer Protection Act is focused on regulating telemarketing and robocalls, and the Bank Secrecy Act mandates financial institutions to assist government agencies in detecting and preventing money laundering. None of these acts specifically address discrimination in housing based on disability, which is why the Fair Housing Act stands out as the pertinent regulation for this scenario.