Fcra test - Study guides, Class notes & Summaries

Prepxl Practice test 4, Questions and answers/ VERIFIED/ If a borrower is required to pay alimony or child support, it must be included as a(n): - Asset - Liability - Qualifier - Mitigating circumstance - -Liability. Alimony and child support must be included in a borrower's liabilities if they are required to pay. A lender who refuses to originate loans in a particular neighborhood or ZIP code because of the perceived creditworthiness of consumers living in the area is in violation...

NMLS Test 100% Correct Solved If an application for credit is DENIED based on the appraisal under ECOA (Reg B), how many days does the borrower have to request a copy and how many days does the lender have to deliver? - Correct Answer️️ -The borrower has 90 to request and the lender as 30 days to deliver. Appraisal equals? - Correct Answer️️ -Value What law allows the borrower to challenge the value stated in the appraisal? - Correct Answer️️ -ECOA (Reg B), Equal Credit Opport...

APHR Exam 2024 Why do companies have multiple interviews? - Answer ️️ -Decreases the potential for bias What is intranet? - Answer ️️ -Information source for empoyees Job Rotation - Answer ️️ -Moving an employee from one job to another Equal Employment Opportunity Commission - Answer ️️ -agency responsible for enforcing and interpreting federal anti-discrimination laws The National Labor Relations Board (NLRB) - Answer ️️ -agency responsible for protecting the employee...

Property and Casualty Insurance Test Question Notes with 100% Correct Answers What is a peril? - Correct Answer ️️ -A Peril is a cause of loss What is a hazard? - Correct Answer ️️ -Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - Correct Answer ️️ -Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? - Correct Answer ️️ - Re...

Property and Casualty Insurance Test Question Notes with 100% Correct Answers What is a peril? - Correct Answer ️️ -A Peril is a cause of loss What is a hazard? - Correct Answer ️️ -Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? - Correct Answer ️️ -Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? - Correct Answer ️️ - Re...

MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS | LATEST VERSION | 2024/2025 | ALREADY PASSED __________________ requires that a borrower is notified ___________ days prior to the effective date of the loan servicing transfer. RESPA (Real Estate Settlement Procedures Act), 15 days prior ________________________ is another name for Section 114 of FACTA and also amends FCRA. The Red Flag Rules A ______________ buyer is a person who gets paid for the use of their name and credit history i...

Prepxl Practice Test 3: Exam Review Questions and answers/ In January of 2020, Wella and Kip agreed to purchase a home at a purchase price of $546,300. They would like to hold onto as much of their savings as they can, but they have chosen to make a down payment sufficient enough to qualify for a conforming loan. What is the minimum down payment they can make to reach the conforming loan limit but still retain savings? - $47,900 - $35,900 - $95,800 - $54,900 - -$35,900. The down p...

Property and Casualty Insurance Test Question Notes Graded A+ What is a peril? A Peril is a cause of loss What is a hazard? Something that increases the chance of a loss What is the difference between a Moral hazard and a Morale Hazard? Moral Hazard - dishonesty, against the law Morale Hazard - carelessness What is the method of handling risk that involves a deductible? Retention (loss or portion of loss) If a fire causes damage to a building, what is the fire considered? A Peril ...

NMLS Test Prep CompuCram Test Questions and answers graded A+ 2023A borrower signs the note and mortgage for a refinance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)? - correct answer Wednesday, Jan. 6 Who manages the National Do Not Call Registry? - correct answer Federal Trade Commission What federal legislation regulates credit reporting agencies and lenders concerning cred...

Employment Law - C233 Exam Questions with 100% Correct Answers 2024 Collective Bargaining - answerThe negotiation process between unions and employers Unions - answerAn organization that represents workers in bargaining with employers Strike - answerA work stoppage by mass refusal of employees to work Yellow Dog Contract - answerA document whereby an employee agrees not to organize or join a union Common Law Criminal Conspiracy - answerA combination of two or more individuals planning to...