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HUD CERTIFICATION 2 LATEST VERSIONS 2024 VERSION A AND B COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) $22.99
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Exam (elaborations)

HUD CERTIFICATION 2 LATEST VERSIONS 2024 VERSION A AND B COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)

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HUD CERTIFICATION 2 LATEST VERSIONS 2024 VERSION A AND B COMPLETE 150 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS)

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  • July 23, 2024
  • 49
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • HUD CERTIFICATION
  • HUD CERTIFICATION

2  reviews

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By: mike191 • 3 weeks ago

its only 90 questions and its old once from 2022

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By: ProLabs • 6 months ago

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TheAlphanurse
HUD CERTIFICATION

Terms in this set (90)

Which document is most Pay stub
important when working
with a client to develop an
initial budget as part of a
Client Action Plan?


Pay stub
Retirement plan statement
List of assets
Current lease

A client would like purchase Find a second job
a home within one year. The
client is motivated to
increase household income
as a way to save for a down
payment and qualify for a
loan. Which is the best
solution for the client to
reach this goal?


Find a second job
Borrow from retirement
fund
Sell major assets
Find a temporary job
through a staffing service

,A credit report may contain The number of accounts in collection status
which information?


The number of accounts in
collection status
A history of payments on an
electric bill
Income history
Criminal record

A credit report contains File a dispute with the appropriate credit reporting
inaccurate information. agency.
Which action item should
the counselor include in the
Client Action Plan?


-Attach a letter to mortgage
applications explaining the
inaccuracies.
-Investigate the reasons
why the inaccuracies
occurred to determine the
responsible party.
-Include a personal
consumer statement on the
credit report.
-File a dispute with the
appropriate credit
reporting agency.

,Six months ago a client left It decreases credit utilization, causing a positive impact
a job as a reporter to start a on the credit score.
business in the retail
industry. To prepare to buy
a house, the client closed
credit card accounts and
has been using savings to
pay down credit card debt
and collections. The client
has not been able to save
much for a down payment
with all the debt payments
but knows about an
affordable home-ownership
program that only requires
a 1% down payment with an
FHA loan.


What might result from the
client closing the credit
card accounts?


-It decreases credit
utilization, causing a
negative impact on the
credit score.
-It increases credit
utilization, causing a
negative impact on the
credit score.
-It increases credit
utilization, causing a
positive impact on the
credit score.
-It decreases credit
utilization, causing a

, positive impact on the
Which action would a client
credit score. Pay delinquent accounts
take to improve a credit
score?


-Request to expunge public
records
-Apply for new credit cards
to increase credit
-Cancel all credit cards
-Pay delinquent accounts

A client does not receive a Fair Credit Billing Act
written monthly statement
from the credit card
company. Which credit law
could this omission violate?


-Fair Credit Billing Act
-Fair Credit Reporting Act
-Fair Housing Act
-Fair and Accurate Credit
Transactions Act

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