Fcra questions - Study guides, Class notes & Summaries

CRCM Exam Prep - FCRA Focused. Questions and answers, VERIFIED. Reg V- FCRA - Credit Reporting Permissable Purposes - -If authorized in writing by consumer. Response to Court Order. Must be in connection with credit or insurance transaction. Employment Purposes. Any person who has a business need. May be used for prescreen unless consumer has opted out. MUST have written permission before obtaining report for employment purposes. I f denied must provide copy of credit report. Reg V- F...

Champions Real Estate Finance Exam Study Guide (New 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| A Grade QUESTION Truth in Lending Act (TILA) A United States federal law that is designed to protect consumers in any credit transactions by requiring clear disclosure of key terms of lending arrangments all associated cost. QUESTION Trigger Terms Answer: Specific credit terms that may not be advertised unless the advertisement includes other detai...

NMLS Mortgage Loan Originator UPDATED Exam Questions and CORRECT Answers ECOA - CORRECT ANSWER- Equal Credit Opportunity Act (Reg B) HMDA - CORRECT ANSWER- Home mortgage disclosure act (reg c) TILA - CORRECT ANSWER- Truth-In-Lending Act, Regulation Z FCRA - CORRECT ANSWER- Fair Credit Reporting Act - Regulation V

HUD Housing Counseling Exam Questions and Answers (Graded A) HUD Housing Counseling Exam Questions and Answers (Graded A) HUD Housing Counseling Exam Questions and Answers (Graded A) Rental Obstacle + Solutions: Low Income - ANSWER--Some Renters reject people whose Rent would be more than 30% of GMI -Solutions -Apply for Housing Assistance -Expand housing search areas -Get a roommate -Move in w/family or friends Strategies for decreasing expenses and debt - ANSWER-Pr...

CAM Certified Apartment Manager Questions and Answers Already Graded A What are the three keys to good customer service? • Communication • Attitude • Relationships What is the cost of turnover when a resident leaves a community? • The cost of turnover is generally more then 1-2 months rent per move out. What are the 5 techniques to building rapport? • Express a genuine interest in the other person. • Be genuinely friendly • Create physical rapport • Be an active listener • Se...

USAA Auto Insurance Terms EXAM QUESTIONS CORRECTLY ANSWERED Terrorism Risk Insurance Act (TRIA) - ANSWER In 2002- the availability of reinsurance coverage against terrorism. If there is a terrorist act then the federal government is responsible in paying the insurer for any damage. What is TRIEA and when did it happen - ANSWER In 2005 legislation was modified and coverage was extended by the Terrorism Risk Insurance Extension Act FCRA- when, what, and what it stands for - ANSWER ...

Fair Credit Reporting Act (FCRA) Exam Review Questions and answers, rated A+ FCRA substantially covers: - -Banks acting as *Consumer Reporting Agencies*. FCRA requirements ALSO apply to Banks that Operate in the Following Capacities: - -(1) *Obtaining and users of Information* (Example: Credit grantors, purchasers of dealer paper, or when opening deposit accounts); (2) *Furnishers and Transmitters of Information* (by reporting information to consumer reporting agencies or other 3rd pa...

NMLS SAFE EXAM PREP QUESTIONS AND ANSWERS HMDA allows to see - Answer-where possible discrimination takes place Where is HMDA found - Answer-Section 10 of the 1003 loan app PMI - Answer-Private mortgage insurance TILA deals with - Answer-advertising of loans, cerdit, APR PMI protects who - Answer-The Lender SAFE - Answer-Secure And Fair Enforcement Act HERA - Answer-Housing and Economic Recovery Act HERA created what act - Answer-SAFE Act FCRA - Reg V - Answer-Fair Cre...

2024 Hud Final Exam Prep (Questions And Answers) Types of Credit Used - CORRECT ANSWER-Student loan or credit cards only FAKO scores - CORRECT ANSWER-purchase score which are educational score Fair Credit Reporting Act FCRA - CORRECT ANSWER-what is in file/dispute/remove 30 days/remove bad 7 yrs/bk 10 yrs/access limited/damages from violators/state rights Fair and Accurate Credit Transactions Act FACTA - CORRECT ANSWER-free cbrs/fraud alert/truncate cc #s Fair Credit Billing Act (FCBA...

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...