Hud practice exam 2023 - Study guides, Class notes & Summaries

HUD Practice Exam Question answers 100% correct 2023 What act came about after the assassination of MLK? - correct answer The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - correct answer Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - correct answer When weighing housing options

HUD Housing Counselor Certification Practice Exam Questions & Answers 2023/2024 What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - ANSWER-50% Which is the maximum recommended housing ratio for renting an apartment? - ANSWER-30% Eligibility requirements for down-payment assistance programs include which factors? - ANSWER-Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is th...

NMLS Exam Practice Questions With Answers - Latest Updated 2023-2024. Lender has how many days after settlement to refund any portion of charges on the HUD-1 that exceeded the acceptable variance - ANSWER 30 days TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to closing a reverse mortgage - ANSWER ...

HUD HC Module 3 - Fair Housing Exam Questions & Answers 2023/2024 Which describes the legally enforceable terms that govern the use of real estate? - Residential security restrictions - Deed restrictions - Redlined Maps - Government-sponsored deeds - ANSWER-Deed Restrictions Which is 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...

HUD Practice Exam Questions & Answers 2023/2024 What act came about after the assassination of MLK? - ANSWER-The Civil Rights Act of 1968 A client does not receive a written monthly statement from the credit card company. Which credit law could this omission violate? - ANSWER-Fair Credit Billing Act In which situation would a client's responsibilities, recurring costs, and upfront costs be evaluated? - ANSWER-When weighing housing options A client works 40 hours a week making $15 an...

HUD Certification Exam 2023 with 100%Correct Answers. Deed Restrictions - ANSWER-Legally enforceable terms that govern the use of real estate Redlining - ANSWER-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 - ANSWER-Following the assassination of Dr. Martin Luther King Jr., Congress p...

HUD Exam - Fair Housing {Questions And Answers} Verified Solution 2023 Which describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds B. Deed Restrictions -Deed restrictions are legally enforceable terms that govern the use of real estate. Deed restrictions that discriminate based on any of the seven prohibited bases for discrimination are illegal and unenforceable. ...