In each blank, try to type in the
word that is missing. If you've
typed in the correct word, the
blank will turn green.
If your not sure what answer should be entered, press the space bar and the next missing letter will be displayed. When you are all done, you should look back over all your answers and review the ones in red. These ones in red are the ones which you needed help on. Question: Percentage Rate (APR)Answer: The relationship between the cost of and the total amount finances, represented as a percentage. Question: DisclosureAnswer: A statement prepared by the itemizing loan costs and terms as required for RESPA related transactions Question: Consumer Financial Protection (CFPB)Answer: An agency funded by the Federal Reserve with rule and enforcement authority over many consumer financial laws, including the truth in lending act and the real estate settlement procedures act. Question: Consumer Act of 1974Answer: A federal law that establishes a code of fair information practices that governs the collection, maintenance, use, and dissemination of about individuals. Question: Equal Opportunity Act (ECOA)Answer: Federal Law that prohibits discrimination in granting credit to people based on sex, age, status, race, color, religion, national origin, or receipt of public assistance. Question: Fair Reporting Act (FCRA)Answer: A Federal Law that regulates the collection of credit information and access to their credit reports Question: Interstate Land Sales Full ActAnswer: A Federal Law that consumers from fraud and abuse in the sale or lease of land. Question: Loan Answer: A lender disclosure containing a "good faith estimate" of closing costs, loan terms, and the cost that the borrower must pay for a real loan, including the APR. Question: Real Estate Settlement and Act (RESPA)Answer: Federal law dealing with real closings that provides specific procedures and guidelines for the disclosure of settlement costs. Question: Trigger Answer: A word of phrase that describes a loan, including the down payment, terms, and monthly payment. If an ad uses a term additional disclosures are required to comply with the truth in lending act. Question: Truth in the Act (Regulation Z)Answer: Federal Law requiring disclosure of the terms of the credit by a creditor to a prospective . Question: Answer: An Illegal act whereby owners are encouraged to sell their properties because minorities are moving to their neighborhood. Also panic selling or panic peddling. Question: Civil Rights Act of Answer: A federal Law that prohibits discrimination based on race, , or ancestry without exception. Question: Fair Amendments Act of 1988Answer: Question: Familial Answer: A protected group under the federal fair housing act, making it illegal to discriminate against persons because they are the parent or guardian of a child less than 18 years of age, or because they are . Question: Federal Fair Housing Act of Answer: A law that prohibits discrimination in all facets of the home buying process on the basis of race, , national origin, religion, sex, familial status, or disability Question: Group Answer: A residential property where a small number of unrelated people in need of care, support, or supervision can live Question: /DisabilityAnswer: A physical or mental impairment that substantially limits or curtails one or more life activities. Question: Answer: The illegal process of a lender denying loans in certain areas of a community because of race, , creed, etc Question: Answer: Channeling buyers or tenants to particular neighborhoods based on race, religion, nation origin, ancestry, or other legally protected class. |
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
Baayangle
Popular Real Estate sets