What federal legislation requires the term equal housing lender to be used in any advertisement that is broadcast over the airwaves?

The Fair Housing Act is the correct legislation that mandates the use of the term "equal housing lender" in advertisements broadcast over the airwaves. This act was created to prevent discrimination in housing-related activities, ensuring that all individuals have equal access to housing without regard to race, color, national origin, religion, sex, familial status, or disability.

By requiring the statement "equal housing lender," the Fair Housing Act promotes awareness of fair lending practices and reinforces the commitment of lenders to uphold these principles in their advertising and business operations. This clause serves not only as an assurance to consumers but also as a reminder to lenders of their legal obligations to provide equal housing opportunities.

In contrast, the other legislative acts mentioned do not specifically address the advertising requirements for lending institutions in the same way. The Equal Credit Opportunity Act focuses on prohibiting discriminatory lending practices but does not mandate specific advertising language. The Fair Credit Reporting Act primarily deals with the accuracy of credit reporting and the rights of consumers regarding their credit information. The Truth in Lending Act aims to promote informed use of consumer credit by requiring disclosures about terms and costs, but it does not include provisions about equal housing language in advertising.