Fcra and fact act - Study guides, Class notes & Summaries

1) The purpose of the Equal Credit Opportunity Act (ECOA) is which of the following: A. To protect the credit history of consumers. B. To minimize discrimination in the obtaining of credit. C. To ensure that all consumers have an equal opportunity to obtain credit. D. To help consumers fight the growing crime of identity theft. - ANSWER-The correct answer is C.This is the purpose of ECOA. ECOA is also known as which of the following: A. Regulation B. B. Regulation C. C. Regulation ...

Iowa Personal Lines Latest Update Graded A+ DP-1 Basic Form Dwelling Policy: Provides coverage on a named peril basis. DP-1 Losses are paid actual cash value Extended Coverage Perils W.C. SHAVVER: Wind, Civil Commotion, Smoke, Hail, Aircraft, Vehicles, Volcanic Eruption, Explosion, and Riot DP-2 Broad Form Dwelling Policy: Provides replacement cost coverage on dwellings & buildings on a "named peril" basis, contents are actual cash value Uninsurable (excluded) losses Under the open- peril ...

SHRM CP EXAM 398 Questions with Verified Answers Career Planning - CORRECT ANSWER Actions & activities that individuals perform in order to give direction to their work lives. Brain drain - CORRECT ANSWER Exit of educated & skilled citizens from emerging & developing countries for better paying jobs in developed countries. Auditory learners - CORRECT ANSWER People who learn best by relying on their sense of hearing. Andragogy - CORRECT ANSWER Study of how adults learn. Cost-of-liv...

Florida General Lines Agent Exam questions and answers 2023/2024 solved 100% correct Answers are highlighted in red What is the definition of a risk that is insurable? a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as there is no possibility of a gain b.A chance of a loss or gain c.A risk where there is a possibility of a gain d.A chance for insurance coverage Answer a What is an insurance policy? a.A binder that offers initial in...

Clayton Act (1914) - Correct Answer-Legislation which modified the Sherman Anti- Trust Act by prohibiting mergers & acquisitions that would lessen competition Clayton Act (1914) - Correct Answer-This act also prohibited a single person from being a director of two or more competing corporations & restricts the use of injunctions against labor and legalized peaceful strike, picketing, and boycotts. Consumer Credit Protection Act (1968) - Correct Answer-Congress expressed limits to the amount ...

NMLS Laws and Regulations Latest Updated 2022 Rated A Document Content and Description Below NMLS Laws and Regulations Latest Updated 2022 Rated A CFPB Consumer Financial Protection Bureau What does the CFPB do? Regulates RESPA, TILA, ECOA, and HMDA FTC Federal Trade Com mission What does the FTC do? Monitors Red Flag Rules RESPA Real Estate Settlement Procedures Act What does RESPA do? •Protects homeowners of Single, 1-4 family dwellings, condos, & homes manufactured on lot. •Educates bor...

SHRM-CP Workplace Questions and Answers 2023, Graded A+ Globalization The integration of markets, nation-states and technologies to a degree never witnessed before. It is enabling individuals, corporations and nation-states to reach around the world farther, faster, deeper and cheaper than ever before. Global remittances Money is sent back home by migrants working in foreign countries Reverse innovation Innovations created for or by emerging - economy markets and then imported ...

Michigan Property & Casualty Insurance Exam questions and answers well illustrated. Risk - correct answers.The possibility that a loss will occur Speculative Risk - correct answers.Chance of loss or gain Pure Risk - correct the possibility of loss Peril - correct of loss Exposure - correct answers.The potential for accidents and other losses Direct Loss - correct answers.Loss that is a direct result of a peril, such as fire. Indirect Loss - correct answer...

Florida General Lines Agent Exam questions and answers 2023/2024 solved 100% correct Answers are highlighted in red What is the definition of a risk that is insurable? a.Risk is defined as a chance or the possibility of financial loss; only pure risks are insurable as there is no possibility of a gain b.A chance of a loss or gain c.A risk where there is a possibility of a gain d.A chance for insurance coverage Answer a What is an insurance policy? a.A binder that offers initial in...

CFPB Consumer Financial Protection Bureau What does the CFPB do? Regulates RESPA, TILA, ECOA, and HMDA FTC Federal Trade Commission What does the FTC do? Monitors Red Flag Rules RESPA Real Estate Settlement Procedures Act What does RESPA do? •Protects homeowners of Single, 1-4 family dwellings, condos, & homes manufactured on lot. •Educates borrowers costs of loan • Eliminates kickbacks and referral fees (section 8) • Establishes rules for escrow What Regulation is RESPA? Reg...