According to the fcra - Study guides, Class notes & Summaries

California Life Accident And Health Exam 2024. A ABC INSURANCE - Correct 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 - Correct 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 - Correct Answ...

Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - FCRA Which agency manages the National Do Not Call Registry? - Federal Trade Commission Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - The SAFE Act Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Acceptable Which law s...

According to the FCRA, when must a credit agency give a consumer a free copy of his credit report? A.)If the loan application is denied because of information in the report B.) Whenever he request it A.)If the loan application is denied because of information in the report A Consumer comes into your office to apply for a loan. The Home Mortgage Disclosure Act requires you to collect information about her race. If she does not wish to provide information for that section of the application, ...

WGU C961 Ethics in Technology Comprehensive Exam || All Questions & 100% Correct Answers (Rated A+) WGU C961 Ethics in Technology Comprehensive Exam || All Questions & 100% Correct Answers (Rated A+) which systems gather data about individuals? - ANSWER - Tracking systems in videos, cookies, google location, facebook tags which action have the courts ruled in favor for (4th amendment) - ANSWER - without a reasonable expectation to privacy, there is no privacy right how does customer data...

Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - FCRA Which agency manages the National Do Not Call Registry? - Federal Trade Commission Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - The SAFE Act Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Acceptable Which law sets f...

1. bank 2. commercial bank 3. savings & loans 4. credit union 5. mortgage broker 6. mortgage banker - 1. bank - full service 2. commercial bank - originate largest amount of loans without using depositor's funds. 3. savings & loans - smaller local banks that use depositors funds to originate residential mortgage loans. AKA savings bank or thrift 4. credit union - takes deposits from members and pay dividends. Offer high interest rates to depositors and low loan rates to borrowers. 5....

According to the FCRA, when must a credit agency give a consumer a free copy of his credit report? A.)If the loan application is denied because of information in the report B.) Whenever he request it Answer A.)If the loan application is denied because of information in the report A Consumer comes into your office to apply for a loan. The Home Mortgage Disclosure Act requires you to collect information about her race. If she does not wish to provide information for that section of the ap...

Fincert Texan Smart Exam Questions With 100% Correct Answers. ________ is a contractual agreement whereby a borrower receives something of monetary value now and agrees to repay the lender at a later date. - answercredit Credit addresses what? - answerThe concepts of obtaining and utilizing credit wisely True or False: Good credit can take years to establish yet only months to destroy. - answertrue What is the FCRA? - answerThe Fair Credit Reporting Act why is the FCRA important? - answe...

NMLS 2024 Exam Questions with Correct A What law deals with credit, APR & advertising of consumer loans? - Answer- TILA/REGULATION Z Which regulation prohibits kickbacks? - Answer-RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - Answer-HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - Answer-RESPA Regulation X is the letter used to describe which Law? - Answer-RESPA RESPA is the acronym used to describe which law...

MLO Exam Review - FACTA FCRA & GLB Act. Questions and answers. VERIFIED/ The Fair Credit Reporting Act (FCRA) provides what rights to consumers? - -The right to an adverse notice, copy of credit report being used by lender, right to dispute inaccurate information, the right to request credit score and limited prescreened offers The consumer reporting agency does not need to remove a _____, it only needs to be investigated. - -Dispute According the FCRA, what business does not have a le...