Fcra Study guides, Class notes & Summaries

214 FLORIDA INSURANCE LIFE AND VARIABLE ANNUITY ACTUAL EXAM UPDATED variable annuity - CORRECT ANSWER-there is no guarantee of the dollar amount of the payments, they fluctuate according to the value of an account vest primarly in common stocks join and survivor annuity - CORRECT ANSWER-covers two or more lives and contiunes in force so long as any one of them survives period certain annuity - CORRECT ANSWER-annuity imcome option that guarantees a definite minimum peroid of paymen...

Loan-to-Value Ratio (LTV) - correct answer The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - correct answer Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - correct answer Covers more than one piece of property. Wraparound Mortgage - c...

A borrower signs the note and mortgage for a refinance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)? - Wednesday, Jan. 6 Who manages the National Do Not Call Registry? - Federal Trade Commission What federal legislation regulates credit reporting agencies and lenders concerning credit reporting? - FCRA What is not prohibited to be included in the loan terms for HOEPA covered i...

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FCRA Basic Certification Exam Guide 2024 with complete solution

Fair Credit Reporting Act (FCRA) Exam Review Questions and answers, rated A+ FCRA substantially covers: - -Banks acting as *Consumer Reporting Agencies*. FCRA requirements ALSO apply to Banks that Operate in the Following Capacities: - -(1) *Obtaining and users of Information* (Example: Credit grantors, purchasers of dealer paper, or when opening deposit accounts); (2) *Furnishers and Transmitters of Information* (by reporting information to consumer reporting agencies or other 3rd pa...

FCRA Basic Certification Exam Questions with Correct Verified Solutions 100% Guaranteed Pass FCRA Basic Certification Exam Questions with Correct Verified Solutions 100% Guaranteed Pass FCRA Basic Certification Exam Questions with Correct Verified Solutions 100% Guaranteed Pass FCRA Basic Certification Exam Questions with Correct Verified Solutions 100% Guaranteed Pass FCRA Basic Certification Exam Questions with Correct Verified Solutions 100% Guaranteed Pass FCRA Basic Certifica...

FCRA Basic Certification Exam 2024 Qs & As

MORTGAGE LOAN OFFICER HMDA GLBA ECOA FCRA and FACTA QUESTIONS WITH CORRECT ANSWERS!!

California Life Accident and Health Exam Practice 2024 A ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED -Answer-WHICH OF THE FOLL...