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MLO Licensing 1064 > Federal Law - Reg Letters > Flashcards

Federal Law - Reg Letters Flashcards

1
Q

ECOA

A

Equal Credit Opportunity Act

Regulation B (BE equal - prohibits discrimination on the BASIS of…)

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2
Q

HMDA

A

Home Mortgage Disclosure Act

Regulation C (for the benefit of the COMMUNITY; allows lenders to C if there is any discrimination)

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3
Q

GLBA

A

Gramm-Leach-Bliley Act

Regulation P (PRIVACY)

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4
Q

TILA

A

Truth in Lending Act

Regulation Z (TILA the godZilla)

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5
Q

MAP

A

Mortgage Acts and Practices (advertising)

Regulation N (NO Lying in Advertising)

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6
Q

RESPA

A

Real Estate Settlement Procedures Act

Regulation X (REXPA?)

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7
Q

FCRA

A

Fair Credit Reporting Act

Regulation V (VERY Fair)

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8
Q

MARS

A

Mortgage Assistance Relief Services

Regulation O (“O” MARS)

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9
Q

SAFE Act

A

Secure and Fair Enforcement of Mortgages Act

Regulation G

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MLO Licensing 1064 (11 decks)

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