Ecoa is regulated by - Study guides, Class notes & Summaries

ECOA INFO & Exam (2024) LATEST QUESTIONS WITH CORRECT ANSWERS!!

NMLS 2023 Exam Questions and Answers All Correct (1).docx An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer D. Report underwriting errors - Answer-B. Prevent escrow overages The disclosure requirements of RESPA would apply to which of the following loans? A. A loan to purchase 75 acres of land B. A farm loan C. A loan to purchase a property that includes a gas station a...

ECOA EXAM Questions and answers, VERIFIED/ What does ECOA stand for? - -Equal Credit Opportunity Act What is the purpose of ECOA? - -to promote the availability of consumer credit to all applicants by prohibiting credit decision based on race, color, religion, national origin, gender, marital status, or age. Who is ECOA regulated by? - -CFPB What is the "Notice of Action Taken" disclosure? - -a creditor must provide a loan applicant with notifications of any of the following actions ...

ECOA stands for - ANSWER-Equal Credit Opportunity Act ECOA is under regulation - ANSWER-B Purpose of ECOA - ANSWER-To eliminate discriminatory treatment of credit applicants based on race. religion, national origin, sex, marital status, age, or public assistance discourage unethical and unfair lending and credit discrimination; awful to discriminate against any applicant based on certain prohibited basis. ECOA is regulated by - ANSWER-CFPB (Consumer Financial Protection Bureau) W...

Pearson Vue real estate exam Maine Questions And Correct Answers Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within how many feet of a river, wetland, lake, or ocean? 250 feet Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within how many feet of certain streams? 75 feet The Shoreland Zoning Act is regulated by whom? Each municipality and enforced by the local Code Enforcement Officer...

NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE MUST NOT MISS  FEDERAL MORTGAGE RELATED LAW  UNIFORM STATE CONTENT  GENERAL MORTGAGE LAW  MORTGAGE LOAN ORIGINATION  ETHICS An annual escrow analysis is used to do which of the following? A. Ensure the loan is properly amortized B. Prevent escrow overages C. Reduce burden on the servicer ...

1 CRCS EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Medicare Part A Correct Answer: Covers individuals who are elderly (age 65 or older) and individuals with permanent disabilities, end stage renal disease (ESRD) or Lou Gehrig's disease Title XVIII Correct Answer: Medicare (title) Medicare part A Correct Answer: Covers inpatient hospitalizations, skilled nursing facility (SNF), home health & hospice Lifetime reserve days Correct Answer: 60 days of inpatient...

Colibri Real Estate (Real Estate Express) Final Exam Review Questions and Complete Solutions Broker Jane has been accused of a law violation regarding commissions. Which of the following might result in her being found guilty? A) Jane paid a commission to her licensed personal assistant. B) Jane paid a commission to the wife of one of her licensees who was recently killed in an auto accident. The deceased licensee had earned the commission prior to his death. C) Jane paid a commission pl...

Federal law requiring lenders to not discriminate in lending practices. - Answer- Equal Credit Opportunities Act (ECOA) A lender denies a loan to an immigrant family due to not having lived in the US for 5+ Years - Answer- Ecoa What agencies woyld you report ECOA Violations to? - Answer- Federal Trade Commission (FTC) Law that regulated disclosures that lenders must provide and states that sellers cannot require buyers to obtain insurance from specific sources - Answer- Real Estate Sett...

What does D.U.S.T. stand for? - correct answer Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - correct answer Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - correct answer principle of contribution the forces acting on a parcel of land are always affecting the value of the land - correct answer PRINCIPLE OF CHANGE the legal use tha...