The bLoan bEstimate bcombines bwhich bold bdisclosures? b- bcorrect banswer.GFE band bInitial
bTIL bStatement
How blong bare bLoan bEstimate bterms bavailable? b- bcorrect banswer.10 bbusiness bdays
What bif bthe bchanged bcircumstance bcauses bthird bparty bcharges bsubject bto ba bcumulative
b10% btolerance bto bincrease? b- bcorrect banswer.creditor bmust bsend ba brevised bLoan
bEstimate band brefund bexcess bmoney bwithin b60 bdays
Are bthere bany brestrictions bon bhow bmany bdays bbefore bconsummation ba brevised bLoan
bEstimate bmay bbe bprovided? b- bcorrect banswer.- breceives brevised bLE bat bleast b4 bbusiness
bdays bbefore bconsummation
- bcannot bprovide brevised bLE bafter bproviding bclosing bdisclosure
What bis ba b"changed bcircumstance"? b- bcorrect banswer.Event bbeyond bthe bcontrol b
Inaccurate binfo bused bin bLoan bEstimate
New binfo bthat bcreditor bdidn't bknow bwhen bproviding bLoan bEstimate
What bis bthe bcorrect bway bto bask babout bmarital bstatus?
under bwhich blaw? b- bcorrect banswer.Are byou bmarried, bunmarried bor bseparated?
ECOA
How blong bdo byou bhave bto bretain bECOA bdisclosures? b
why? b- bcorrect banswer.25 bmonths
because bconsumers bcan btake byou bto bcourt bfor bECOA bviolations
Penalties bfor:
RESPA
TILA
ECOA
Red bFlag bRules
State bRegulatory bAuthorities
Fraud
DNC b- bcorrect banswer.RESPA b- b$10,000/1 byear bimprisonment bfor beach bviolation
TILA b- b$10,000 bper bday bof bnoncompliance
ECOA b- b$10,000 bfor beach bviolation
Red bFlag b- b$3,500 bper bincident
State bReg. b- b$25,000 beach bact bor bommission
Fraud b- b$1,000,000/30 byears bimprisonment bfor beach bviolation
DNC b- b$16,000 beach
The bborrower bhas bhow blong bto brequest ba bcopy bof bhis bappraisal breport? b
How blong bdoes bthe bcreditor bhave bto bdeliver bthe bappraisal breport?
This bis bunder bwhich blaw? b- bcorrect banswer.90 bdays
30 bdays
ECOA
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