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Ms . Lee, a single woman from California, applied for a home loan at American Eagle Bank and her application was denied. The bank is

Ms. Lee, a single woman from California, applied for a home loan at American Eagle Bank and her application was denied. The bank is incorporated in the state of Arizona and has its principle place of business in the state of Nevada. Ms. Lee believes the bank discriminated against her and the bank violated the Federal Home Loan Bank Act of 1932. As a result she plans to sue the bank for $50,000 for damages she suffered from this discrimination. If Ms. Lee decides to sue the bank, which of the following is true:
i. The federal court system has exclusive subject matter jurisdiction.
ii. The state court system has exclusive subject matter jurisdiction.
iii. The federal and state court systems have subject matter jurisdiction because of diversity of citizenship.
iv. The federal and state court systems have subject matter jurisdiction.
Ms. Lee, a single woman from California, applied for a home loan at American Eagle Bank and her application was denied. The bank is incorporated in the state of Arizona and has its principle place of business in the state of Nevada. Ms. Lee believes the bank discriminated against her and the bank violated the Federal Home Loan Bank Act of 1932. As a result she plans to sue the bank for $50,000 for damages she suffered from this discrimination. If Ms. Lee decides to sue the bank, which of the following is true:
i. The federal court system has exclusive subject matter jurisdiction.
ii. The state court system has exclusive subject matter jurisdiction.
iii. The federal and state court systems have subject matter jurisdiction because of diversity of citizenship.
iv. The federal and state court systems have subject matter jurisdiction.
Only iii
Only i
Only iv
Only ii

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