Fair lending - Study guides, Class notes & Summaries

Name Clas Dat : s: e: CHAPTER 01—THE BUSINESS OF BANKING 1. A bank is a not-for-profit organization. a. b. True False False 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 ANSWER: POINTS: LEARNING OBJECTIVES: 2. All federally chartered banks must be corporations. a. True ANSWER: POINTS: LEARNING OBJECTIVES: b. False True 1 BNKG.CFFT.3.LO: 1.1.1 - LO: 1.1.1 3. Commercial banks offer their services only to businesses. ANSWER: POINTS: LEARNING OBJECTIVES: 5. Issuing credit cards is ...

This generally refers to a governmental entity's legal authority to force a private landowner to sell his or her real property for public use. A) Condemnation B) Taxation C) Police power D) Eminent domain - Answer- D) Eminent domain Precedents are determined by: A) Statutory Law B) Case law C) TRELA D) DTPA - Answer- Wrong A) Statutory Law? This estate may be terminated at will of either party. It has no duration limitation. A) Estate at will B) Estate from perio...

TEST BANK FOR INTERMEDIATE ACCOUNTING, 11TH EDITION BY DAVID SPICELAND, MARK NELSON, THOMAS WAYNE, JENNIFER – ALL CHAPTERS . Financial accounting is concerned with providing relevant financial information about various kinds of organizations to different types of external users. The primary focus of financial accounting is on the financial information provided by profitoriented companies to their present and potential investors and creditors. Question 1–2 Resources are efficiently alloca...

One who is given a power-of-attorney that allows them to sign the name of a principal to a contract of sale is a(n): A) attorney-in-fact B) broker with a listing C) special agent D) attorney-at-law attorney-in-fact No two parcels of land are exactly alike because no two parcels can occupy the same position on the globe. This is known as: A) township B) section C) scarcity D) nonhomogeneity nonhomogeneity The five essential elements that make a contract valid are: comp...

45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 | 100% Verified. When consumers, lured by lower prices, venture back into the market, business activity increases and confidence begins to return. Slowly, production facilities gear up to meet the new consumer demand, capital begins to flow back into business enterprises, and additional employees are hired. The three types of operating expenses of an income property are A) fixed, debt service, and...

Unmarried joint applicants learn of the credit decision on their loan two weeks after submitting a completed application. Married joint applicants receive a credit decision within 24 hours after submitting a completed application. This is an example of what type of discrimination? A. Overt disparate treatment B. Disparate treatment C. Comparative disparate treatment D. No discrimination in this scenario - ANSWER-C. Comparative disparate treatment As a director, your fair lending respons...

appraisal - Answer- value of a property maybe affected by social, economic, govt and environmental influences Loan-to-Value Ratio (LTV) - Answer- The percentage of value or sales price that a lender is willing to finance. limited appraisal report - Answer- exterior only/drive by inspection. deemed as low risk loan highest and best use of property - Answer- legal use that gives the greatest return Principal of Contribution - Answer- cost does not equal value Residential Mortgage Lo...

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...

20-HR SAFE COMPREHENSIVE MORTGAGE LOAN ORIGINATOR FUNDAMENTALS HW EXAM 2024 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 - correct answer 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...

CE Shop Final Exam Course 2 Questions With Complete Solutions(Guaranteed Success) What is the maximum amount of time a protection or override clause can be in effect? - correct answer...Six Months Appraiser John is determining how a property is being used to determine a more optimal function. What is he determining? - correct answer...Highest and Best Use Which of the following statements is true about the listing presentation? It's best to leave out financial data (such as a CMA or c...