Which law is applicable to Section X of the 1003 loan application?

The correct answer is HMDA, which stands for the Home Mortgage Disclosure Act. Section X of the 1003 loan application pertains to government monitoring information, which includes data that lenders are required to collect and report, specifically regarding the ethnicity, race, sex, and other demographics of loan applicants. This reporting is essential for evaluating lending practices and ensuring that lenders do not discriminate against applicants based on these characteristics.

Under HMDA, financial institutions must gather and disclose this information to promote transparency in lending and to help identify any potential discrimination in the mortgage lending process. This collection of data is integral to fostering equitable lending practices and monitoring compliance with fair lending laws.

The other laws mentioned address different aspects of mortgage lending or consumer protection, but they do not relate specifically to the demographic data collection required in Section X of the 1003 loan application.