Gramm leach bliley act - Study guides, Class notes & Summaries

Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? - ANSWER-Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owneroccupied, residential refinance? - ANSWER-After 3 business-day rescission period W...

CIPM Comprehensive Exam Study Guide Questions with Answers 100% Accuracy SCENARIO ALBERT & TREASURE BOXANSWER THESE CARDS IN ORDER AND USE THE NEXT CARD FOR THE FOLLOWING QUESTIONS SCENARIO ALBERT & TREASURE BOX For 15 years, Albert has worked at Treasure Box - a mail order company in the United States (U.S.) that used to sell decorative candles around the world, but has recently decided to limit its shipments to customers in the 48 contiguous states. Despite his years of experience, Albe...

A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the A. Lender's right to increase the monthly payment amount for PMI B. Borrower's right to refuse a PMI C. Lender's right to extend the time for monthly payments for a PMI D. Borrower's right to cancel PMI - D. Borrower's right to cancel PMI The Privacy Rule of the Gra...

CFE- Law Questions and Answers 100% Pass Which of the following U.S. laws prohibits deceptive and fraudulent practices commonly used in email? A. The Computer Fraud and Abuse Act B. Gramm-Leach-Bliley Act C. CAN-SPAM Act D. USA PATRIOT Act CAN-SPAM Act The Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM Act) commonly used- c and c The UK Bribery Act has a broader application than the U.S. Foreign Corrupt Practices Act (FCPA) because, unl...

Occupational Safety and Health Act - OSH Act Occupational Safety and Health Administration - OSHA National Fire Protection Association - NFPA; creates standards and codes to help form safe environments and prevent accidents Code of Federal Regulations - CFR Emergency action plan - EAP Fire prevention plan - FPP Safety data sheets - SDS; required documentation that identifies potential hazards; formerly MSDS (material SDS) Biometric Systems - Systems that measure and analyze specific ch...

SCENARIO ALBERT & TREASURE BOX For 15 years, Albert has worked at Treasure Box - a mail order company in the United States (U.S.) that used to sell decorative candles around the world, but has recently decided to limit its shipments to customers in the 48 contiguous states. Despite his years of experience, Albert is often overlooked for managerial positions. His frustration about not being promoted, coupled with his recent interest in issues of privacy protection, have motivated Albert t...

CIPM Scenario Practice Questions with Certified Solutions SCENARIO ALBERT & TREASURE BOX ANSWER THESE CARDS IN ORDER AND USE THE NEXT CARD FOR THE FOLLOWING QUESTIONS SCENARIO ALBERT & TREASURE BOX For 15 years, Albert has worked at Treasure Box - a mail order company in the United States (U.S.) that used to sell decorative candles around the world, but has recently decided to limit its shipments to customers in the 48 contiguous states. Despite his years of experience, Albert is often overloo...

SAFE Mortgage Loan Originator Test Latest Update Graded A+ Prequalification an estimate of the loan amt. for which the buyer can qualify based on his income/credit under the lenders standards USDA ratio 29/41 FHA ratio 31/43 Asset based loan -loans based on borrowers equity -bad when lenders fail to consider ability to repay High Cost Loan Reg Z - Sec. 1026.32 -APR will exceed by more than 6.5% for first lien loans or by more than 8.5% for subordinate -APOR - average prime ...

Who is it that says that we can't lie to get financial information from a person? CORRECT ANSWER 'Mister GLB' Gramm-Leach-Bliley Act since 1999 What is a consumer report? CORRECT ANSWER A pre-employment background check that looks at criminal and civil records, driving records, civil lawsuits, and any other info obtained by the Consumer Reporting Agency (CRA) *requires the applicants written consent* What type of fire extinguisher would you use on a flammable liquid fire, like a greas...

PSI Life, Accident, Health Practice Exam Questions|210 Questions and Answers, 100% Verified| Latest 2023/2024 Which is an ACCURATE statement regarding benefits of Medicare supplement and Medicare select plans? 1 The insurer is able to cancel, or deny renewal of an existing policy, based solely on the health of the insured. 2 There is no restriction for benefits after the coverage has been in effect for six months when involving a preexisting condition. 3 The coverage for a loss from...