Ecoa info exam - Study guides, Class notes & Summaries

ECOA INFO & Exam (2024) LATEST QUESTIONS WITH CORRECT ANSWERS!!

ECOA INFO & Exam (2024) LATEST QUESTIONS WITH CORRECT ANSWERS!!

Nmls Safe Exam Prep With 100% Correct And Verified Answers ECOA - Reg B - Correct Answer-Equal Credit Opportunity Act HMDA - Reg C - Correct Answer-Home Mortgage Disclosure Act RESPA - Reg X - Correct Answer-Real Estate Settlement Procedures Act TILA - Reg Z - Correct Answer-Truth In Lending Act HPA - Correct Answer-Home-owner Protection Act PMI is required when - Correct Answer-Borrower puts less than 20% down ECOA deals with - Correct Answer-credit applications HMDA allow...

NMLS 2024 Exam Questions with Correct A What law deals with credit, APR & advertising of consumer loans? - Answer- TILA/REGULATION Z Which regulation prohibits kickbacks? - Answer-RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - Answer-HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - Answer-RESPA Regulation X is the letter used to describe which Law? - Answer-RESPA RESPA is the acronym used to describe which law...

ECOA Exam Review Questions and answers. VERIFIED/ A.Factors that can not be used to discriminate - -1.Race 2.Color 3.Religion 4.Sex 5.National Origin 6.Marital Status 7.Age 8. Receipt of income from public assistance 9.History of exercised rights under Consumer Protection Credit Act (Credit counseling services) B. Notifying borrower of action taken - -Within 30 days lenders must notify consumers of action taken in writing. -If Adverse Action must provide statement of reasons and i...

ECOA stands for - ANSWER Equal Credit Opportunity Act ECOA is under regulation - ANSWER B Purpose of ECOA - ANSWER To eliminate discriminatory treatment of credit applicants based on race. religion, national origin, sex, marital status, age, or public assistance discourage unethical and unfair lending and credit discrimination; awful to discriminate against any applicant based on certain prohibited basis.

Fair Credit Reporting Act: Exam Review Questions and answers, VERIFIED. In addition to requirement related to financial institutions acting as CRAs, FCRA requirements also apply to who? (4 categories) - -1- procurers and users of information 2- furnishers and transmitters of information 3 - Marketers of credit or insurance products 4 - Employers For FCRA, is there a difference between a "consumer" and a "person"? - -yes. A consumer is an individual. A person can be a "individual...

NMLS Final Exam Questions With Answers Latest Updated 2023-2024 | 100% Verified. TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to closing a reverse mortgage - ANSWER 7 days The APR must be finalized at least how many days before closing? - ANSWER 3 days A company with which a consumer has an establ...

CRCS Exam Questions and Answers HHS - Correct Answer ️️ -Health and Human Services CMS - Correct Answer ️️ -Centers for Medicare and Medicaid Services HHS - Correct Answer ️️ -U.S. Department of Health and Human Services NIH - Correct Answer ️️ -National Institutes of Health FDA - Correct Answer ️️ -Food and Drug Administration ACL - Correct Answer ️️ -Administration for Community Living; one of the HHS Operating Divisions. QIO - Correct Answer ️️ -Quality Imp...

NMLS Exam Practice Questions With Answers - Latest Updated 2023-2024. Lender has how many days after settlement to refund any portion of charges on the HUD-1 that exceeded the acceptable variance - ANSWER 30 days TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to closing a reverse mortgage - ANSWER ...