Ecoa - Study guides, Class notes & Summaries

FCRA, ECOA, RESPA

ECOA Exam Review Questions and answers. VERIFIED/ A.Factors that can not be used to discriminate - -1.Race 2.Color 3.Religion 4.Sex 5.National Origin 6.Marital Status 7.Age 8. Receipt of income from public assistance 9.History of exercised rights under Consumer Protection Credit Act (Credit counseling services) B. Notifying borrower of action taken - -Within 30 days lenders must notify consumers of action taken in writing. -If Adverse Action must provide statement of reasons and i...

CPRS Exams (Recovery Coaching) Questions and Answers 100% Correct CPRS Exams (Recovery Coaching) Questions and Answers 100% Correct CPRS Exams (Recovery Coaching) Questions and Answers 100% Correct SAMHSA specifies 4 major dimensions that support a life in recovery. - ANSWER-Health, home, purpose, & community SAMHSA specifies 4 major dimensions that support a life in recovery.: Health is defined as managing one's __________________ as well as _________ in a _______________ & _______...

ECOA Exam Review Questions and answers/ ECOA stands for - -Equal Credit Opportunity Act ECOA is regulation.. - --Regulation B -"B Equal" What has oversight over ECOA - --CFPB-Consumer Financial Protection Bureau ECOA Purpose - --To keep lender and brokers from discriminatory practices -To ensure applicants have equal rights of opportunity when being considered for a loan What does ECOA NOT guarantee - --Does not guarantee that someone who falls under a protected class will be given ...

What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - Answer- 50% Which is the maximum recommended housing ratio for renting an apartment? - Answer- 30% Eligibility requirements for down-payment assistance programs include which factors? - Answer- Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an FHA mortgage? - Answer- 1.7...

SAMHSA specifies 4 major dimensions that support a life in recovery. - ANSWER-Health, home, purpose, & community SAMHSA specifies 4 major dimensions that support a life in recovery.: Health is defined as managing one's __________________ as well as _________ in a _______________ & _________________________ healthy way - ANSWER-disease living physically & emotionally SAMHSA specifies 4 major dimensions that support a life in recovery.. Home is defined as... - ANSWER-A stable & safe place...

CPRS Exams (Recovery Coaching) Questions& Answers 100% Accurate!. SAMHSA specifies 4 major dimensions that support a life in recovery. - ANSWER-Health, home, purpose, & community SAMHSA specifies 4 major dimensions that support a life in recovery.: Health is defined as managing one's __________________ as well as _________ in a _______________ & _________________________ healthy way - ANSWER-disease living physically & emotionally SAMHSA specifies 4 major dimensions that support a l...

SAMHSA specifies 4 major dimensions that support a life in recovery. - ANSWER-Health, home, purpose, & community SAMHSA specifies 4 major dimensions that support a life in recovery.: Health is defined as managing one's __________________ as well as _________ in a _______________ & _________________________ healthy way - ANSWER-disease living physically & emotionally SAMHSA specifies 4 major dimensions that support a life in recovery.. Home is defined as... - ANSWER-A stable & safe place...

What is the more common name of Title V of the Housing and Economic Recovery Act of 2008? a) FACTA b) Gramm-Leach-Bliley Act c) Red Flag Rules d) SAFE Act correct answers D 3) Which of the following is NOT an involuntary lien? a) Judgement lien b) Mortgage lien c) Mechanic's lien d) IRS tax lien correct answers B 2) Under ECOA, which of the following may NOT be considered adversely when underwriting the loan? a) borrower's employment history b) borrower's history of making paym...