Dodd frank wall Study guides, Class notes & Summaries

MLO SAFE Test 2021 Questions & Answers Dodd-Frank - ANSWER-- Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 - Changed oversight & capitalization of financial institutions, added licensing an education standards, and limited riskier products in the marketplace - Established the CFPB - Defined and specifically outlawed UDAAPs CFPB - ANSWER-- Consumer Financial Protection Bureau - The Bureau - Oversees and enforces Dodd-Frank specifically to protect consumers from ...

NMLS Exam Questions with Correct Answers Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct Due on Demand Clause - Answer-(Considered a predatory practice) Th...

MLO SAFE Test 2024 Exam Questions With 100% Correct Answers Dodd-Frank - answer- Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 - Changed oversight & capitalization of financial institutions, added licensing an education standards, and limited riskier products in the marketplace - Established the CFPB - Defined and specifically outlawed UDAAPs CFPB - answer- Consumer Financial Protection Bureau - The Bureau - Oversees and enforces Dodd-Frank specifically to protect c...

NMLS STUDY GUIDE QUESTIONS 2024. Acceleration Clause - correct answer Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - correct answer Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - correct answer home valuation code of conduct Due on Demand Clause - correct answer (Considered a ...

Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - FCRA Which agency manages the National Do Not Call Registry? - Federal Trade Commission Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - The SAFE Act Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Acceptable Which law s...

HRCI: SPHR/PHR Exam Questions & Answers 2023/2024 Davis-Bacon Act - ANSWER-Requires contractors using federal funds to pay wages and fringe equal to or greater than the local market wage What is the HR Significance of the Davis-Bacon Act? - ANSWER-Applies if receiving federal funds for work or projects Walsh-Healey Act - ANSWER-Establishes the time-and-a-half overtime rule for hours in excess of 40 in a week for nonexempt employees What is the HR Significance of the Walsh-Healey Ac...

ACCT 211-Liberty University EXAM 1Importance of Accounting - correct answer Identifying, Recording, Communicating Users of Financial Information - correct answer 1. Internal 2. External Internal Users - correct answer Internal users of accounting information ARE directly involved in managing and operating an organization. External Users - correct answer External users of accounting information are NOT directly involved in running the organization 3 Parts of the Fraud Triangle - corr...

NMLS Exam Study Guide Questions and Answers Nonrecourse Agreement - Answer-Loan agreement under which the collateral securing a loan is the unltimate source of repayment, and the lender cannot hold the borrower personably liable in the event of default. Lender can seize (and sell) the collateral but cannot seize non-pledged asset or property. ReConveyance - Answer-Method in which a lein is removed from a property when payment is made in full. Dodd-Frank Wall Street Reform and Consumer P...

SAFE Exam Study Guide (Vocab) With 100% Complete Solution Traditional Mortgage - Correct Answer-30 year fixed rate (mortgage) Balloon Payment - Correct Answer-A final payment of a mortgage loan that is considerably larger than the required periodic payments because the loan amount was not fully amortized. Federal Deposit Insurance Corporation - Correct Answer-Created to protect borrowers deposits Federal Housing Administration - Correct Answer-Created to reassure lenders in cases of ...

WGU C206 Ethical Leadership Topic: Legal and Regulatory (Qs & As) Dodd-Frank Wall Street Reform and Consumer Protection Act Correct answer Passed in the wake of the financial crisis. Dodd-Frank Wall Street Reform and Consumer Protection Act Correct answer The SEC will pay 10 to 30% of the amount the government recovers from financial fraud if the whistleblower provides original information leading to a recovery of more than a million dollars. False Claims Act Correct answer Whistlebl...