20-Hour PE OIL: Section 1 Quiz

Leave a Comment / By Scott Weghorst / September 9, 2020

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Question 1 of 20

1. Question
- ECOA
- GLB Act
- RESPA
- Dodd-Frank Wall Street Reform Act
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Question 2 of 20

2. Question
- ECOA
- GLB Act
- MAP Rule
- TILA
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Question 3 of 20

3. Question
- ECOA
- GLB Act
- S.A.F.E. Act
- TILA
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Question 4 of 20

4. Question
- Discrimination and kickbacks
- Advanced fees and bait and switch
- Kickbacks and APR
- Bait and switch and kickbacks
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Question 5 of 20

5. Question
- Safeguards Rule
- RESPA/TRID
- FCRA
- HMDA
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Question 6 of 20

6. Question
- When a neutral policy has a discriminatory impact
- When a consumer is steered toward a higher cost option
- When a consumer’s personal information is breached
- When a consumer is treated differently based on race, sex, gender, or any protected class they are in
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Question 7 of 20

7. Question
- When a neutral policy has a discriminatory impact
- When a consumer is steered toward a higher-sot option
- When financing options may be unavailable based on location
- When a consumer is treated differently based on race, sex, gender, or any protected class they are in
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Question 8 of 20

8. Question
- RESPA
- Federal Reserve Act
- Home Owners Loan Act
- National Housing Act
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Question 9 of 20

9. Question
- When a neutral policy has a discriminatory impact
- When a consumer is steered toward a higher cost option
- When a consumer’s personal information is breached
- When a consumer is treated differently based on race, sex, gender, or any protected class they are in
Correct

Incorrect
Question 10 of 20

10. Question
- RESPA
- Federal Reserve Act
- Home Owners Loan Act
- National Housing Act
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Question 11 of 20

11. Question
- HMDA data
- ECOA statistics
- Licenses
- High-cost loans
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Question 12 of 20

12. Question
- FHA (Federal Housing Administration)
- Freddie Mac (Federal Home Loan Mortgage Association)
- The Department of Veterans Affairs (VA)
- Fannie Mae (Federal National Mortgage Association)
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Question 13 of 20

13. Question
- Money or rebate paid to a mortgage broker for giving a borrower a higher interest rate in exchange for lower up-front costs
- APR index averages compounded with loan-to-value ratio
- Amount of default insurance offered by a government loan program
- None of the above
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Question 14 of 20

14. Question
- Fannie Mae (Federal National Mortgage Association)
- The Department of Veterans Affairs
- Conference of State Bank Supervisors (CSBS)
- Federal Housing Administration (FHA)
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Question 15 of 20

15. Question
- Telemarketing
- Advertising
- Information Security
- Foreclosure rescue scams
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Question 16 of 20

16. Question
- removed spending limits on consumer credit cards
- created federal credit reporting agencies (FCRAs)
- required that consumers be allowed annual free credit reports from the three major credit reporting agencies
- set forth specific requirements for disclosures to borrowers
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Question 17 of 20

17. Question
- ECOA
- GLB Act
- RESPA/TRID
- MAP Rule
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Incorrect
Question 18 of 20

18. Question
- ECOA
- GLB Act
- RESPA
- TILA
Correct

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Question 19 of 20

19. Question
- ECOA
- GLB Act
- RESPA
- TILA
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Question 20 of 20

20. Question
- ECOA
- GLB Act
- Do Not Call Act
- TILA
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