Dodd frank wall Study guides, Class notes & Summaries

appropriate documents are signed, and the mortgage loan proceeds are disbursed by the lender. - Answer-Closing The primary determinants of real estate values are supply and _____. - Answer-Demand _____ is something of value that can be pledged as security for repayment of a loan. - Answer-Collateral Servicing includes which of the following activities? - Answer-Maintaining records of payment The monetary policies of the _____affects interest rates and the availability of funds. - Ans...

HRCI SPHR PHR -- Total RewardsDavis-Bacon Act - correct 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? - correct answer Applies if receiving federal funds for work or projects Walsh-Healey Act - correct 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 Act...

Clayton Antitrust Act - Answer 1. Strengthened Sherman Anti-Trust Act 2. Prohibited mergers and acquisitions that would lessen competition 3. Prohibited one person from being a director of two or more competing corporations 4. Restricts use of injunctions against labor strikes, picketing, and boycotts Consumer Credit Protection Act - Answer 1. Act that limits the amount of wages that can be garnished or withheld in any one week by an employer to satisfy creditors. 2. Prohibits employe...

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 predatory practice) The lender can ...

ACCT 211-Liberty University EXAM 1 Question and answers rated A+ ACCT 211-Liberty University EXAM 1 Importance 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 invol...

According to the FCRA, when must a credit agency give a consumer a free copy of his credit report? A.)If the loan application is denied because of information in the report B.) Whenever he request it - A.)If the loan application is denied because of information in the report A Consumer comes into your office to apply for a loan. The Home Mortgage Disclosure Act requires you to collect information about her race. If she does not wish to provide information for that section of the applicatio...

Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - Answer-FCRA Which agency manages the National Do Not Call Registry? - Answer-Federal Trade Commission Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - Answer-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? - Answ...

According to the FCRA, when must a credit agency give a consumer a free copy of his credit report? A.)If the loan application is denied because of information in the report B.) Whenever he request it A.)If the loan application is denied because of information in the report A Consumer comes into your office to apply for a loan. The Home Mortgage Disclosure Act requires you to collect information about her race. If she does not wish to provide information for that section of the application, ...

Dishonesty - Answer Deceit, misrepresentation, untruthfulness, falsification Insurers - Answer insurance companies or carriers who manufacture and sell insurance coverage by way of policies or contracts. Insurance Agencies - Answer independent organizations that recruit, contract with, and support sales agents and producers insurance agents - Answer also known as producers.. licensed individuals representing an insurance company when transacting insurance Insured - Answer...

MLO Practice Exam Question and answers already passed 2023/2024 There are five areas on the National Exam, which of the following is NOT one of those areas? Your Answer - correct answer State Regulations Which law was passed in 2010, which led to the creation of the CFPB, to help prevent another Great Recession? - correct answer Dodd Frank Wall Street Reform Act Which of the following is NOT a Prohibited Act? - correct answer Originating loans as a licensed MLO Which Mortgage Loan Ori...