Exam (elaborations)
HUD Certification Exam/115 Questions and Answers
- Module
- HUD Certification
- Institution
- HUD Certification
HUD Certification Exam/115 Questions and Answers
[Show more]
Content preview
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.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Victorious23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £10.02. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80202 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now