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Safe > Agencies > Flashcards

Agencies Flashcards

1
Q

How many state regulatory agencies are there

A

59

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2
Q

Who created the state model

A

CSBS
AARMR

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3
Q

A template on standards for how to regulate the mortgage industry

A

State model

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4
Q

What is the max penalty of SAFE act

A

$34,401

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5
Q

ECOA is under what regulation

A

B

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6
Q

HMDA is under what regulation

A

C

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7
Q

What 2 regulations are under the SAFE ACT

A

G & H

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8
Q

MAP is under what regulation

A

N

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9
Q

GLBA is under what regulation

A

P

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10
Q

FCRA/FACTA is under what regulation

A

V

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11
Q

RESPA is under what regulation

A

X

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12
Q

TILA is under what regulation

A

Z

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13
Q

Who is responsible for applying, interpreting and enforcing the SAFE act

A

The state

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14
Q

Who is the single federal regulator for consumer financial protections

A

CFPB

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15
Q

Who created the CFPB

A

Dodd-frank act

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16
Q

What does HUD oversee

A

FHA
Fair housing laws
Ginnie Mae

17
Q

How often is the MCR required to be filled out

A

Quarterly and annually

18
Q

What are the two components of the MCR ( mortgage call report)

A

RMLA- residential mortgage loan activity

FC- financial condition

19
Q

How many days after a cease and desist will a hearing be held

A

30-60 days after receipt

20
Q

How long do you have after an initial hearing to request judicial review

A

Within 10 days

Safe (26 decks)

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