Which of the following is a purpose of RESPA?
What is a purpose of the Truth in Lending Act?
Which of the following is acceptable discrimination under ECOA?
If an advertisement contains TRIGGER TERMS, what must then be disclosed?
Which of the following is not a prepaid finance charge?
What is the purpose of HMDA?
Regulation B is affiliated with which act?
ECOA prevents discrimination based on:
The practice of denying home financing in certain neighborhoods is called:
How long must a brokerage owner keep records?
Which of the following is an example of a subprime loan?
A 360/180 best describes what type of loan?
How often must a borrower receive an annual privacy notice according to the GLBA?
Who regulates the Do Not Call list?
Examples of Red Flags include all of the following except:
The Patriot Act requires loan originators to:
Which disclosure is due within 3 business days of application?
What is the penalty for Red Flag non-compliance?
The fastest permissible closing time under MDIA is:
According to MDIA, when must you provide a copy of the appraisal to your borrower?
The Real Estate Settlement Procedures Act falls under the control of which agency?
Which of the following entities oversees MDIA?
Which of the following documents itemizes all settlement costs including lender charges?
According to the Truth-in-Lending Act (TILA), the term “refinance” applies to:
Which of the following methods of disclosure does NOT meet the requirements of the Equal Credit Opportunity Act (ECOA)?
RESPA is the acronym for:
FIRREA is the acronym for:
FHACT is the acronym for:
Which of the following, under RESPA, could NOT provide settlement services for the loan and purchase of an owner occupied property?
What is the penalty for a loan officer violating RESPA by paying a referral fee to a real estate agent?
According to RESPA, the YSP must now be a ?
RESPA regulations require that an annual escrow statement be provided to the borrower within what time frame?
Which of the following does RESPA require to be given to the borrower?
Under RESPA, which of the following would be considered legal?
Under RESPA, the aggregate impound limits at closing are:
How much notice is the lender required to give the borrower before transferring the "servicing" of the loan?
A “trigger term” is any number used in advertising, other than the APR. When a trigger term is used, the advertising must include all of the following EXCEPT the:
In all forms of advertising credit, the only number that can be freely used is the:
When an ARM loan is obtained, additional disclosures to the borrower include all the following EXCEPT:
The APR is the interest rate plus the finance charges computed and expressed as:
The APR includes fees that are required to get the loan. Not included are costs which would occur with a:
The APR does not include which of the following?
On the Loan Estimate what much be included on Page 1
According to Reg. Z, the borrower’s automatic right to rescind the loan within 3 business days does not apply to:
