It shall be an unlawful real estate practice for any lending institution:
(A) To refuse to negotiate for, enter into or perform any agreement to lend or guarantee the loan of funds or in making, agreeing to make, arranging or negotiating any loan or guarantee of funds, for the purpose of financing the purchase or sale, construction, lease, rehabilitation, improvement, renovation or repair of any real property, or to offer or agree to terms, conditions or privileges, including the interest rate, amount or duration of any loan or guarantee of funds, that discriminate between persons because of the actual or perceived status, practice or expression of a person’s race, color, religion, age, sex, disability, national origin, ancestry, sexual orientation, gender identity, marital status, military discharge status, source of income, housing status or parental status; or the actual or perceived association with such a person or any party to such agreement or of any member of the family of any such party;
(B) To refuse to negotiate for, enter into or perform any agreement to lend or guarantee the loan of such funds in any block, neighborhood or area because of any prospective change in the composition of the residents of the area in terms of race, color, religion, age, sex, disability, national origin, ancestry, sexual orientation, gender identity, marital status, military discharge status, source of income, housing status or parental status; or the actual or perceived association with such a person;
(C) To arbitrarily reject mortgage loans for residential properties because of the geographic area or location of such property;
(D) To in any other manner exclude certain areas or neighborhoods from mortgages through the practice known as “redlining”; and
(E) Nothing in this section should be deemed to interfere with actions which would occur within the ordinary course of business.
(1997 Code, § 43.10) (Am. Ord. CO-09-10, passed 5-5-2009) Penalty, see § 90.99