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Fair Lending

Society Mortgage conducts all lending activities in a manner consistent with federal and state fair lending laws. We treat all existing and prospective customers fairly and consistently throughout the loan lifecycle, without regard to any characteristic or basis prohibited by law.

Federal fair lending laws include the Fair Housing Act and the Equal Credit Opportunity Act. Other laws and regulations, including those at the state or local level, contain additional prohibited bases, including, for example, military and veteran status, sexual orientation, or gender identity.

Fair Housing Act

The Fair Housing Act (“FH Act”) is part of the Civil Rights Act of 1968. The FH Act expressly prohibits discrimination in every aspect of a residential real estate-related transaction, including the following:

  • Making loans to buy, build or repair a dwelling
  • Purchasing real estate loans
  • Selling, residential brokering or appraising residential real estate
  • Selling or renting a dwelling

The FH Act prohibits discrimination based on any of the factors listed below:

  • Race or color
  • Religion
  • National origin
  • Sex
  • Handicap
  • Familial status (which prohibits discrimination against households having children under the age of 18 living with a parent or legal custodian, pregnant women, or individuals with legal custody of children under 18)

Two additional factors are expressly prohibited when dealing with loans insured by the Federal Housing Administration (the “FHA”) and the properties securing those loans. In 2012, the U.S. Department of Housing and Urban Development issued a rule that prohibits FHA-approved lenders from basing eligibility determinations for FHA-insured loans on actual or perceived sexual orientation or gender identity.

Equal Credit Opportunity Act

The Equal Credit Opportunity Act and Regulation B, its implementing regulation (together, “ECOA”), prohibit discrimination in any aspect of a credit transaction against any applicant based on any of the following factors:

  • Race or color
  • Religion
  • National origin
  • Sex
  • Marital status
  • Age (provided the applicant is old enough and has the capacity to enter into a contract)
  • Receipt of income from any public assistance program
  • An exercise in good faith of a right under the federal Consumer Credit Protection Act or state law counterpart

As a residential mortgage lender, Society Mortgage is subject to both the FH Act and ECOA.

ECOA Notice

Notice: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The Federal agency that administers compliance with this law concerning this creditor is Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

Home Mortgage Disclosure Act Notice

The HMDA data about our residential mortgage lending are available online for review. The data show geographic distribution of loans and applications; ethnicity, race, sex, age, and income of applicants and borrowers; and information about loan approvals and denials. These data are available online at the Consumer Financial Protection Bureau’s Website. HMDA data for many other financial institutions are also available at this website.


Consumers who wish to file a complaint against a mortgage banker or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas Department of Savings and Mortgage Lending at 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out-of-pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.sml.texas.gov


State of Illinois

Community Reinvestment Notice


The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation once the Department completes our first evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department. We will update this notice when our first evaluation has been issued.

Fees & Charges

Fees & charges apply and may vary by product and State. APR shown assumes 2% points. Subject to underwriting approval. Application required; not all applicants will be approved. Full documentation & property insurance required. Loan secured by a lien against your property. Consolidating or refinancing debts may increase the time and/or the total amount needed to repay your debt. Taxes & insurance extra. Terms, conditions & restrictions. Lock in agreement required to secure rate. Recent rate but subject to change without notice. Rates, loan products, & fees subject to change without notice. Your rate and term may vary. Call for details.

Credit Consent

By submitting your social security number you give consent to allow the Society Mortgage to do a credit pull.


Consumer Real Estate Finance Co. d/b/a Society Mortgage (NMLS #104621) is duly licensed by the Alabama State Banking Department (21748); the Arkansas Securities Department (113186); the Colorado Department of Regulatory Agencies – Division of Real Estate (104621); the Florida Office of Financial Regulation (MLD1027); the Florida Office of Financial Regulation (MLD2187); the Georgia Department of Banking and Finance (24094); the Illinois Department of Financial & Professional Regulation (MB.6761221); the Indiana Department of Financial Institutions (21572); the Kentucky Department of Financial Institutions (MC95804); the Louisiana Office of Financial Institutions (104621); the Maine Office of Consumer Credit Regulation (104621); the Maryland Department of Labor Licensing and Regulation (104621); the Massachusetts Division of Banks (ML104621); the Michigan Department of Licensing and Regulatory Affairs (FL0020768); the Minnesota Department of Commerce (MN-MO-104621); the Minnesota Department of Commerce (MN-MO-104621.1); the Mississippi Department of Banking and Consumer Finance (104621); the Missouri Division of Finance (104621); the New Jersey Department of Banking and Insurance (104621); the North Carolina Commissioner of Banks Office (L-162572); the Ohio Department of Financial Institutions (RM.803105.000); the Pennsylvania Department of Banking (74729); the South Carolina Department of Consumer Affairs (MLS- 104621); the South Carolina Office of the Commissioner of Consumer Finance (MLS – 104621 OTN#1); the Tennessee Department of Financial Institutions (150026); the Texas Department of Savings and Mortgage Lending (104621); the Virginia Bureau of Financial Institutions (MC-4892); the West Virginia Division of Financial Institutions (ML-36478) and the Wisconsin Department of Financial Institutions (104621BA);