Fcra test - Study guides, Class notes & Summaries

Federal Mortgage-Related Laws for SAFE MLO TEST fully solved 2023Regulation B - correct answer ECOA (Equal Credit Opportunity Act) Regulation C - correct answer Home Mortgage Disclosure Act (HMDA) Regulation X - correct answer Real Estate Settlement Procedures Act (RESPA) Regulation V - correct answer Fair Credit Reporting Act (FCRA) Regulation N - correct answer Mortgage Acts and Practices Ad Rule (MAPS) False Advertising protections. N= NO FALSE ADVERTISING of mortgage ads. Nati...

Property and Casualty Insurance Exam Test | Questions and Answers Latest 2023-2024 Rated 100% When insurance companies purchase insurance to cover their own exposures to loss What is a fiduciary? A person in a position of financial trust What is it meant by a contract of adhesion? Policy written by the insurer with the insured having no input What part of the insurance policy shows the premium payment? Declarations page What are the duties of the insured after a loss? Notice to insurer,...

Employment Law - C233 Exam Questions with 100% Correct Answers 2024 Collective Bargaining - answerThe negotiation process between unions and employers Unions - answerAn organization that represents workers in bargaining with employers Strike - answerA work stoppage by mass refusal of employees to work Yellow Dog Contract - answerA document whereby an employee agrees not to organize or join a union Common Law Criminal Conspiracy - answerA combination of two or more individuals planning to...

HUD Exam Prep Already Graded A+ Conventional Loan Front end 28% Back end 36% can go up to 45% to 50%(debt to income), backed by private lenders. AKA prime loans. Good credit, 20% down payment. May have interest only terms FHA Front end 31% Back end 43% Limited funds, bad credit, bankruptcy, high debt to income ratio. EEM (Energy) FHA Front end 33% Back end 45% VA 41% USDA Front End 29% Back End 41%, low-to-moderate income, must live rural area, no down payment, competitive ...

Housing Counselor Exam - Pre Assessment Questions With Complete Solutions. Which is an eligibility factor for the Earned Income Tax Credit? Receiving wages Which situation most likely indicates a loan modification scam? The client receives a letter from a company guaranteeing a loan modification Which was instituted by Congress to better protect homebuyers following the most recent housing crisis Consumer Finance Protection Bureau 121 Which is an example of a change enacted by Consume...

Employment Law: Vocabulary - C233 WGU 2024 American with Disabilities Act (ADA) - answerEmployers with 15 or more employees are prohibited from discriminating against people with disabilities. In general, the employment provisions of the ADA require: - equal opportunity in selecting, testing, and hiring qualified applicants with disabilities - job accomodation for applicants and workers with disabilities when such accomodations would not impose "undue hardship" - equal opportunity in p...

Rental Obstacle + Solutions: Low Income - ANSWER -Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER Prioritize "needs over "wants" -reduce or eliminate "wants" -cancel or downgrade services(e.g. cable, telephone) -limit miscellaneous spending - stick to a shopping list - pay off a loan or credi...

WGU - EMPLOYMENT LAW Exam Questions with 100% Correct Answers 2024 Americans with Disabilities Act (ADA) - answerprohibits employers with 15 or more employees from discriminating against people with disabilities Affirmative action - answerMaking an extra effort to hire and promote those in protected groups, particularly when those in protected groups are underrepresented. Affirmative Action Plan - answerPlan that analyzes a workforce to determine whether protected classes are underutilize...

Employment Law: Vocabulary - C233 WGU 2024 American with Disabilities Act (ADA) - answerEmployers with 15 or more employees are prohibited from discriminating against people with disabilities. In general, the employment provisions of the ADA require: - equal opportunity in selecting, testing, and hiring qualified applicants with disabilities - job accomodation for applicants and workers with disabilities when such accomodations would not impose "undue hardship" - equal opportunity in p...

WGU - C233 - Employment Law (September 2017) Exam Questions with Correct Answers Family and Medical Leave Act (FMLA) - answerProvides certain employees with up to 12 weeks of unpaid, job-protected leave per year. It also requires that their group health coverage benefits be maintained during the leave. Federal Mediation and Conciliation Service (FMCS) - answerEstablished by Taft-Hartley; an agency to help management and labor settle labor contract disputes. Fellow servant rule - answerAn ...