Equal credit opportunity - Study guides, Class notes & Summaries

Mortgage loan originators who make cold calls must comply with the requirements of the National DoNot-Call rules. The loan originator needs to update any download of the registry at least every: 31 days 18 Months 7 days Year - 31 Days The appraisal approach that is used as the best indicator of value for existing properties is: Similar property approach Fair market value approach Market data approach Neighborhood value approach - Market data approach The Truth in Lending Act is contain...

Truth in Lending Act - ANSWER any organization issuing credit to a consumer to disclose the full terms of the lending arrangement and all costs associated with entering into that arrangement. Equal Credit Opportunity Act - ANSWER a federal act prohibiting any organization that issues credit to consumers from denying credit to a consumer on the basis of race, gender, age, marital status, religion, national origin, or skin color. Fair Housing Act - ANSWER a similar anti-discrimination act...

20-HR SAFE Comprehensive Mortgage Loan Originator Fundamentals HW 100% Pass Mortgage loan originators who make cold calls must comply with the requirements of the National Do-Not-Call rules. The loan originator needs to update any download of the registry at least every: 31 days 18 Months 7 days Year 31 Days The appraisal approach that is used as the best indicator of value for existing properties is: Similar property approach Fair market value approach Market data approac...

NMLS Mortgage Loan Originator UPDATED Exam Questions and CORRECT Answers ECOA - CORRECT ANSWER- Equal Credit Opportunity Act (Reg B) HMDA - CORRECT ANSWER- Home mortgage disclosure act (reg c) TILA - CORRECT ANSWER- Truth-In-Lending Act, Regulation Z FCRA - CORRECT ANSWER- Fair Credit Reporting Act - Regulation V

ECOA - Reg B - Answer-Equal Credit Opportunity Act HMDA - Reg C - Answer-Home Mortgage Disclosure Act RESPA - Reg X - Answer-Real Estate Settlement Procedures Act TILA - Reg Z - Answer-Truth In Lending Act HPA - Answer-Home-owner Protection Act PMI is required when - Answer-Borrower puts less than 20% down ECOA deals with - Answer-credit applications HMDA allows to see - Answer-where possible discrimination takes place Where is HMDA found - Answer-Section 10 of the 1003 l...

FIN2603 Assignment 1 Semester 2 2023 ()SOLUTIONS/ANSWERS QUESTIONS ASKED: Question 1 Not yet answered Marked out of 1.00 Flag question Question text Finance can be defined as the ... Select one: a. science of the production, distribution and consumption of wealth. b. art of merchandising products and services. c. system of debits and credits. d. art and science of managing money. Clear my choice Question 2 Not yet answered Marked out of 1.00 Flag question Question text A...

CFA Level 1 - 101 Must Knows 368 Questions with Verified Answers Addition Rule of Probability - CORRECT ANSWER ADDITION: P(A or B) = P(A) + P(B) - P(AB) Roy's Safety First Criterion - CORRECT ANSWER Safety First Ratio = (E(R) - Rₜ) / σ Larger ratio is better If (Rₜ) is risk free rate, then it becomes Sharpe Ratio Sharpe Ratio - CORRECT ANSWER Sharpe Ratio = (E(R) - RFR) / σ Larger ratio is better If (Rt) is higher than RFR, then it becomes Safety First Ratio Centra...

NMLS Test Questions and Answers Graded A+ What is the pass rate for the NMLS Test and how long is it? 75% of 115 questions, 125 questions long with 10 ungraded What is the biggest thing to remember about taking the test? Read the questions twice, slowly, but do not take over 30 seconds per question the first time through. Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:13 / 0:15 Full screen What is the requirement under Fa...

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ECOA-Equal Credit and Opportunity Act. Questions and answers, VERIFIED/ According to Regulation B, when it comes to credit transactions, a creditor cannot discriminate: - - On the basis of the applicant's race, marital status, nationality, gender, age, or religion Against an applicant whose income is derived from a public assistance program Against an applicant who, in good faith, exercised his or her rights under the Consumer Credit Protection Act Factors that cannot be used to discri...