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What about a bank offering a home loan? The bank needs to verify your capacity to pay, and if a single income isn't going to cover the loan then a pregnancy pro

What about a bank offering a home loan? The bank needs to verify your capacity to pay, and if a single income isn't going to cover the loan then a pregnancy probably does come into it. I'm just speculating though, and rules/laws in your area may vary.

eli 13y ago
That's an easy one: http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2013/HUDNo.13-155 http://portal.hud.gov/hudportal/HUD?src=/press/press_release...
- jsmeaton 13y ago
  So it is. I couldn't find a specific law from Australia, but many lending institutions offer a 6 month deferral of payments for parental leave. I would also assume that if the second parent plans to return to work, then the second income would be included to calculate serviceability.
argumentum 13y ago
Actually Eli is right regarding FDIC regulated commercial banks, especially for home loans. Considering gender or pregnancy (in a provable, systematic basis) would certainly be grounds for a lawsuit (in the US at least).
illuminate 13y ago
You appear to be confused. What's illegal is when you discriminate on a candidate based on factors that have nothing to do with their ability to cover the loan. Denying a black man or a woman when you grant the loan to someone with the exact credit history otherwise, for example. If a single woman makes enough to pay the mortgage, you shouldn't be denying her the loan based on your moralizing on her inability to survive without a man's wages.
- jsmeaton 13y ago
  I don't think I am confused. I specifically brought up the ability to service a loan. If a prospective mother is asking for a loan, then the question of whether or not she will be returning to work after the pregnancy should become a relevant question if that income is required to service that particular loan. And I say that because maybe, just maybe, the poorly phrased "I wouldn't have invested if I knew you were going to get pregnant" actually had to do with the founder not being able to "service" her company. Whether the founder could dedicate enough time, as perceived by said investor, is a relevant concern to that investor. Is that sexist? I'm not sure. Is it a shitty thing to say (in that way)? Most definitely. Is it wrong to use pregnancy as a "signal" (positive or negative) for investment? I have zero ideas considering I'm not an investor.
  - illuminate 13y ago
    "I specifically brought up the ability to service a loan." Again, that is not what is illegal. What is discrimination is to pick one candidate with equal background ability, and drive over another. Yes, it is wrong to use it as a signal for not being invested in a company.

eli 13y ago

That's an easy one: http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2013/HUDNo.13-155 http://portal.hud.gov/hudportal/HUD?src=/press/press_release...

jsmeaton 13y ago
So it is. I couldn't find a specific law from Australia, but many lending institutions offer a 6 month deferral of payments for parental leave. I would also assume that if the second parent plans to return to work, then the second income would be included to calculate serviceability.

argumentum 13y ago

Actually Eli is right regarding FDIC regulated commercial banks, especially for home loans. Considering gender or pregnancy (in a provable, systematic basis) would certainly be grounds for a lawsuit (in the US at least).

illuminate 13y ago

You appear to be confused. What's illegal is when you discriminate on a candidate based on factors that have nothing to do with their ability to cover the loan. Denying a black man or a woman when you grant the loan to someone with the exact credit history otherwise, for example. If a single woman makes enough to pay the mortgage, you shouldn't be denying her the loan based on your moralizing on her inability to survive without a man's wages.

jsmeaton 13y ago
I don't think I am confused. I specifically brought up the ability to service a loan. If a prospective mother is asking for a loan, then the question of whether or not she will be returning to work after the pregnancy should become a relevant question if that income is required to service that particular loan. And I say that because maybe, just maybe, the poorly phrased "I wouldn't have invested if I knew you were going to get pregnant" actually had to do with the founder not being able to "service" her company. Whether the founder could dedicate enough time, as perceived by said investor, is a relevant concern to that investor. Is that sexist? I'm not sure. Is it a shitty thing to say (in that way)? Most definitely. Is it wrong to use pregnancy as a "signal" (positive or negative) for investment? I have zero ideas considering I'm not an investor.
- illuminate 13y ago
  "I specifically brought up the ability to service a loan." Again, that is not what is illegal. What is discrimination is to pick one candidate with equal background ability, and drive over another. Yes, it is wrong to use it as a signal for not being invested in a company.