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HUD Certification Exam 2023 Study Guide with complete solution $10.29   Add to cart

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HUD Certification Exam 2023 Study Guide with complete solution

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HUD Certification Exam 2023 Study Guide with complete solution Deed Restrictions Legally enforceable terms that govern the use of real estate Redlining The practice of refusing to make residential loans or imposing more onerous terms on any loans made because of the predominant race, color, n...

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  • April 22, 2023
  • 8
  • 2022/2023
  • Exam (elaborations)
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HUD Certification Exam 2023 Study Guide with complete
solution
Deed Restrictions
Legally enforceable terms that govern the use of real estate
Redlining
The practice of refusing to make residential loans or imposing more onerous terms on
any loans made because of the predominant race, color, national origin, religion, sex,
disability, or familial status of the area's residents.
Civil Rights Act of 1968
Following the assassination of Dr. Martin Luther King Jr., Congress passed what
monumental piece of legislation, which prohibits discrimination in housing sales, rentals,
and financing based on race, color, national origin, religion, sex, disability and familial
status?
7
The Fair Housing Act, as amended, protects how many characteristics?
Reasonable Modification
A property manager of an apartment complex that receives federal financial assistance
installs a ramp so that a tenant in a wheelchair can easily access her first-floor
apartment.
Reasonable Accommodation
Housing provider has a policy of requiring tenants to come to the rental office to pay
their rent. A tenant with a mental disability, who is afraid to leave her unit, is allowed to
mail her rent payment.
True
The Fair Housing Act does not prohibit a lender from showing potential clients
information about different loans.
Fair Housing Assistance Program (FHAP)
Provides annual funding to state and local agencies that enforce fair housing laws that
are substantially equivalent to the Fair Housing Act. These funds go towards an
agency's capacity building, administrative costs, investigative and enforcement efforts,
training and other projects designed to support enforcement of fair housing law.
Fair Housing Initiatives Program (FHIP)
Provides funding to fair housing organizations and nonprofits that assist people who
may have been victims of housing discrimination.
Marketing Analysis
Aim is to identify groups of people who would benefit most if targeted by the campaign,
the characteristics of these people, and their expectations.
Networking Event
The opportunity to increase awareness of the plans and actions of housing industry
members, private organizations and foundations, public housing agencies,
neighborhood groups, regional organizations, and others to further fair housing
objectives.
Personal Information
The section of the credit report that contains employer details.

, Account Information
The section of a credit report that contains information about a student loan.
Public Records
The section of the credit report that contains court information such as a bankruptcy.
Inquiries
The section of the credit report that will show recent attempts to open a credit card.
Consumer Rights
The section of the credit report that contains information about how to correct
inaccuracies.
Account History
Credit: Payment history of accounts, including late payments, delinquencies, judgments,
and liens.
Amounts Owed
Credit: Ratio of total credit extended to the amount of credit owed.
Length of Credit History
Credit: Overall length of credit history in the report as well as the average age of
accounts.
Types of Credit
Credit: Variety of accounts (e.g. credit card, auto loan, mortgage)
New Credit
Credit: Number of recent credit inquiries, as well as new credit accounts.
AnnualCreditReport.com
Where does a client go to get a free credit report?
Fair Credit Reporting Act (FCRA)
You have the right to dispute information in your credit file that is incomplete,
inaccurate, or unverifiable.
Fair and Accurate Credit Transactions Act (FACTA)
You have the right to a free annual credit report.
Fair and Accurate Credit Transactions Act (FACTA)
You have the right to place a fraud alert on your credit file.
Fair Credit Reporting Act (FCRA)
You have the right to know what is in your credit file.
Fair Credit Billing Act (FCBA)
Which federal law protects a consumer's right to dispute a billing error associated with
his/her credit card account.
Fair Credit Reporting Act (FCRA)
What act limits employers access to persons credit report.
Wire Transfer Fee
Fee charged when a client sends a payment to another account electronically through
electronic funds transfer (EFT)
Overdraft Fee
Fee charged when an account doesn't have money to cover a purchase and the
financial institution loans money to complete the payment.
Stop Payment Fee
Fee charged to invalidate a check before it is cashed.
NSF Fee

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