Regulation Z Which law ensures lenders use an annual percentage rate (APR) so that the borrowers have the information they need to make informed comparisons? Regulation Z Which law ensures that some borrowers have the right of rescission for three business days after a loan contract is signed? Home Mortgage Disclosure Act While it is unlawful to consider race when underwriting a loan, what federal legislation requires that this information be included on the loan application? Federal Reserve Board Who does NOT share responsibility for enforcing the provisions of the National Do Not Call Registry? Yes, gross up all non-taxable income if it is verified and likely to continue for three years. Your applicant receives child support for her seven-year-old son. Can you gross up the child support payments she receives? the loan is temporary or a bridge loan for 12 months or less The Homeownership Equity Protection Act does not require a lender to verify a borrower's ability to repay the loan if the higher-priced loan. A loan on a borrower's primary dwelling where the APR exceeds at least 1.5% of the applicable average prime offer rate for a first lien loan is known as a Purchase Loan Each of these loans would be excluded under the definition of a higher-priced loan EXCEPT Credit report fee Which fee can be collected prior to delivery of a Loan Estimate and Closing Disclosure? before disclosing information to non-affiliated third parties. The Privacy Rule of the Gramm-Leach-Bliley Act requires financial institutions to provide the borrower with a Consumer Privacy policy Dodd-Frank Act Which federal act created the Consumer Financial Protection Bureau? RESPA (Real Estate Settlement Procedures Act) The Consumer Financial Protection Bureau on October 3, 2015, implemented the newly combined disclosure that meets the disclosure requirements of TILA and __________. 00:0201:47 Safeguards Rule Which rule requires all financial institutions to design, implement, and maintain safeguards to protect customer information while it is in the custody and control of the institution and its agents?

No comments found.
Login to post a comment
This item has not received any review yet.
Login to review this item
No Questions / Answers added yet.
Price $11.00
Add To Cart

Buy Now
Category Exams and Certifications
Comments 0
Rating
Sales 0

Buy Our Plan

We have

The latest updated Study Material Bundle with 100% Satisfaction guarantee

Visit Now
{{ userMessage }}
Processing