HUD charges Bank of America with discriminating against disabled borrowers
Published: February 28, 2012
Time posted: 8:27 am
The U.S. Department of Housing and Urban Development charged Bank of America Corp. on Monday with discriminating against three disabled borrowers in Michigan and Wisconsin.
The nation’s biggest bank is accused of violating the federal Fair Housing Act in 2009 and 2010. The act prohibits lenders from discriminating against disabled borrowers, among other provisions,
Bank of America imposed “unnecessary and burdensome requirements’’ on borrowers who relied on disability income to qualify for their home loans, the government said. The bank also required some disabled borrowers to provide statements from their doctors to get loans, according to the government.
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