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Session 6 Test

Enter the letter for the matching Answer
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1.
Interstate Land Sales Full Disclosure Act
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2.
Federal Fair Housing Act of 1968
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3.
Civil Rights Act of 1866
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4.
Fair Credit Reporting Act (FCRA)
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5.
Annual Percentage Rate (APR)
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6.
Truth in the Lending Act (Regulation Z)
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7.
Equal Credit Opportunity Act (ECOA)
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8.
Fair Housing Amendments Act of 1988
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9.
Consumer Financial Protection Bureau (CFPB)
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10.
Consumer Privacy Act of 1974
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11.
Real Estate Settlement and Procedures Act (RESPA)
A.
Federal law dealing with real estate closings that provides specific procedures and guidelines for the disclosure of settlement costs.
B.
Federal Law that prohibits discrimination in granting credit to people based on sex, age, marital status, race, color, religion, national origin, or receipt of public assistance.
C.
Federal Law requiring disclosure of the terms of the credit by a creditor to a prospective borrower.
D.
A law that prohibits discrimination in all facets of the home buying process on the basis of race, color, national origin, religion, sex, familial status, or disability
E.
A federal Law that prohibits discrimination based on race, color, or ancestry without exception.
F.
A federal law that establishes a code of fair information practices that governs the collection, maintenance, use, and dissemination of information about individuals.
G.
H.
The relationship between the cost of borrowing and the total amount finances, represented as a percentage.
I.
An agency funded by the Federal Reserve with rule making and enforcement authority over many consumer financial laws, including the truth in lending act and the real estate settlement procedures act.
J.
A Federal Law that regulates the collection of consumers credit information and access to their credit reports
K.
A Federal Law that protects consumers from fraud and abuse in the sale or lease of land.
Type the Question that corresponds to the displayed Answer.
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12.
A physical or mental impairment that substantially limits or curtails one or more major life activities.
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13.
A word of phrase that describes a loan, including the down payment, terms, and monthly payment. If an ad uses a trigger term additional disclosures are required to comply with the truth in lending act.
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14.
The illegal process of a lender denying loans in certain areas of a community because of race, color, creed, etc
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15.
An Illegal act whereby owners are encouraged to sell their properties because minorities are moving to their neighborhood. Also called panic selling or panic peddling.
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16.
A statement prepared by the lender itemizing loan costs and terms as required for RESPA related transactions
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17.
A lender disclosure containing a "good faith estimate" of closing costs, loan terms, and the cost that the borrower must pay for a real estate loan, including the APR.
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18.
A residential property where a small number of unrelated people in need of care, support, or supervision can live together
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19.
Channeling prospective buyers or tenants to particular neighborhoods based on race, religion, nation origin, ancestry, or other legally protected class.
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20.
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 pregnant.

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