Exam (elaborations)
HUD Certification Exam/115 Questions and Answers
- Module
- HUD Certification
- Institution
- HUD Certification
HUD Certification Exam/115 Questions and Answers
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HUD Certification Exam/115Questions and Answers
Deed Restrictions - -Legally enforceable terms that govern the use of real
estate
-Redlining - -The practice of refusing to make residential loans or imposing
more onerous terms on any loans made because of the predominant race,
color, national origin, religion, sex, disability, or familial status of the area's
residents.
-Civil Rights Act of 1968 - -Following the assassination of Dr. Martin Luther
King Jr., Congress passed what monumental piece of legislation, which
prohibits discrimination in housing sales, rentals, and financing based on
race, color, national origin, religion, sex, disability and familial status?
-7 - -The Fair Housing Act, as amended, protects how many characteristics?
-Reasonable Modification - -A property manager of an apartment complex
that receives federal financial assistance installs a ramp so that a tenant in a
wheelchair can easily access her first-floor apartment.
-Reasonable Accommodation - -Housing provider has a policy of requiring
tenants to come to the rental office to pay their rent. A tenant with a mental
disability, who is afraid to leave her unit, is allowed to mail her rent payment.
-True - -The Fair Housing Act does not prohibit a lender from showing
potential clients information about different loans.
-Fair Housing Assistance Program (FHAP) - -Provides annual funding to state
and local agencies that enforce fair housing laws that are substantially
equivalent to the Fair Housing Act. These funds go towards an agency's
capacity building, administrative costs, investigative and enforcement
efforts, training and other projects designed to support enforcement of fair
housing law.
-Fair Housing Initiatives Program (FHIP) - -Provides funding to fair housing
organizations and nonprofits that assist people who may have been victims
of housing discrimination.
-Marketing Analysis - -Aim is to identify groups of people who would benefit
most if targeted by the campaign, the characteristics of these people, and
their expectations.
, -Networking Event - -The opportunity to increase awareness of the plans
and actions of housing industry members, private organizations and
foundations, public housing agencies, neighborhood groups, regional
organizations, and others to further fair housing objectives.
-Personal Information - -The section of the credit report that contains
employer details.
-Account Information - -The section of a credit report that contains
information about a student loan.
-Public Records - -The section of the credit report that contains court
information such as a bankruptcy.
-Inquiries - -The section of the credit report that will show recent attempts
to open a credit card.
-Consumer Rights - -The section of the credit report that contains
information about how to correct inaccuracies.
-Account History - -Credit: Payment history of accounts, including late
payments, delinquencies, judgments, and liens.
-Amounts Owed - -Credit: Ratio of total credit extended to the amount of
credit owed.
-Length of Credit History - -Credit: Overall length of credit history in the
report as well as the average age of accounts.
-Types of Credit - -Credit: Variety of accounts (e.g. credit card, auto loan,
mortgage)
-New Credit - -Credit: Number of recent credit inquiries, as well as new
credit accounts.
-AnnualCreditReport.com - -Where does a client go to get a free credit
report?
-Fair Credit Reporting Act (FCRA) - -You have the right to dispute
information in your credit file that is incomplete, inaccurate, or unverifiable.
-Fair and Accurate Credit Transactions Act (FACTA) - -You have the right to
a free annual credit report.
-Fair and Accurate Credit Transactions Act (FACTA) - -You have the right to
place a fraud alert on your credit file.
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