Cuce - Study guides, Class notes & Summaries

CUCE - MORTGAGE LENDING REGULATIONS EXAM LATEST QUESTIONS WITH SOLVED SOLUTIONS!!

CUCE Consumer Lending Regulations UPDATED Exam Questions and CORRECT Answers open-end credit - CORRECT ANSWER- consumer credit extended by a creditor under a plan in which: 1. creditor reasonably contemplates repeated transactions 2. creditor may impose a finance charge from time to time on the outstanding unpaid balance 3. the amount of credit that may be extended to the consumer during the term of the plan is general made available to the extent that any outstanding balance is repai...

CUCE - Consumer lending regulations UPDATED Actual Exam Questions and CORRECT Answers If you discover an unintentional error in complying with reg Z requirements, what corrective action must you take? - CORRECT ANSWER- You must: notify the affected member, and make appropriate adjustments within 60 days after discovering the error and before any legal action has begun or any member gives written notice of the error. Reg Z defines "finance charge" as the cost of consumer credit in a ...

CUCE - NCUA Rules and Regulations Questions and Answers solved correctly

CUCE - Consumer lending regulations questions and answers with complete solution

CUCE - NCUA Rules and Regulations | with complete solution UBIT - Unrelated Business Income Tax Federal credit unions are subject to what kind of federal, state, or local taxes under the Federal credit Union Act? - Federal credit unions are exempt from federal and state income taxes in franchise taxes but are subject to the same real property taxes and personal property taxes that are imposed other businesses. The central liquidity facility was established to address the economic condit...

CUCE - Deposit Account Regulations Questions and Answers 2023 with complete solution

CUCE - Consumer lending regulations | Questions and answers | 2023/24 If you discover an unintentional error in complying with reg Z requirements, what corrective action must you take? - You must: notify the affected member, and make appropriate adjustments within 60 days after discovering the error and before any legal action has begun or any member gives written notice of the error. Reg Z defines "finance charge" as the cost of consumer credit in a dollar amount. The regulation provide...

Variable rate disclosure scope? - ARMs with a term of greater than one year secured by the borrowers principal dwelling When is a variable rate disclosure delivered? - At Application Consumer handbook and adjustable rate mortgages scope? - ARMs with a term of greater than one year secured by the borrowers principal dwelling. When is a consumer handbook on adjustable rate mortgages delivered? - At Application What is the definition of within three business days of application? - Any day in ...

Variable rate disclosure scope? - ARMs with a term of greater than one year secured by the borrowers principal dwelling When is a variable rate disclosure delivered? - At Application Consumer handbook and adjustable rate mortgages scope? - ARMs with a term of greater than one year secured by the borrowers principal dwelling. When is a consumer handbook on adjustable rate mortgages delivered? - At Application What is the definition of within three business days of application? - Any day in ...