Ecoa - Study guides, Class notes & Summaries

ECOA - ANSWER prohibits discrimination in any aspect of a credit transaction. ECOA applicability - ANSWER Any extension of credit, including credit to small businesses, corporations, partnerships, and trusts. Race or Color - ANSWER Prohibited Basis (ECOA/FHA) Prohibited Basis (ECOA) - ANSWER 8 classes that cannot be discriminated against Religion - ANSWER Prohibited Basis (ECOA/FHA)

MORTGAGE LOAN OFFICER HMDA GLBA ECOA FCRA and FACTA QUESTIONS WITH CORRECT ANSWERS!!

ECOA EXAM 2024!!

ECOA INFO & Exam (2024) LATEST QUESTIONS WITH CORRECT ANSWERS!!

MORTGAGE LOAN OFFICER HMDA GLBA ECOA FCRA and FACTA QUESTIONS WITH CORRECT ANSWERS!!

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...

EQUAL CREDIT OPPORTUNITY ACT (ECOA) QUIZZES & ANS!!

ECOA Exam Review Questions and answers, VERIFIED/ Redlining - -when creditors refuse to make loans in certain neighborhoods due to the personal characteristics of the residents Reverse Redlining - -when predatory lenders targeted neighborhoods with elderly, immigrant, and minority populations to make risky loans that included oppressive lending terms. What are the regulations known as that were created by the Board of Governors of the Federal Reserve for ECOA? - -Regulation B (12 C.F....

ACE Health Coach-Lesson 1: Becoming and ACE Health Coach...

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...