MLO Short Hand Flashcards
All the Letters of the Loan Alphabet
RESPA [stands for]
Real Estate Settlement Procedures Act
ECOA [stands for}
Equal Credit Opportunity Act
TILA [stands for]
Truth in Lending Act
HOEPA [stands for]
Home Ownership & Equity Protection Act
TRID Rule [stands for]
TILA-RESPA Integrated Disclosure Rule
HPA [stands for]
Homeowners Protection Act
S.A.F.E. Act [stands for]
Secure And Fair Enforcement [for Mortgage Licensing} Act
HMDA [stands for]
Home Mortgage Disclosure Act
FCRA [stands for]
Fair Credit Reporting Act
FACTA [stands for]
Fair & Accurate Credit Transactions Act
FTC [stands for]
Federal Trade Commission [Red Flags Rule]
BSA & AML [stands for]
Bank Secrecy Act || Anti-Money Laundering Law [USA PATRIOT Act]
GLB [stands for]
Gramm-Leach-Bliley Act
MAP [stands for]
Mortgage Acts & Practices Rule
ATR [stands for]
Ability To Repay Rules
QM [stands for]
Qualified Mortgage Rules
CFPB [stands for]
Consumer Financial Protection Bureau
HUD [stands for]
Department of Housing & Urban Development
DTI [stands for]
Debt-To-Income (ratio)
YSP [stands for]
Yield Spread Premium [Borrower Credit]
LTV [stands for]
Loan To Value
MI [stands for]
Mortgage Insurance
HELOC [stands for]
Home Equity Line Of Credit
DOJ [stands for]
United States Department of Justice
