Nat 8

Question 1

Federal agency that administers and enforces many federal laws and rules relating to financing

Answer 1

Consumer financial protection bureau (CFPB)

Question 2

Federal law that requires lenders to disclose all the terms and costs in obtaining a consumer loan.

Answer 2

Truth in lending act (regulation Z)

Question 3

The act is designed to protect the public from the reporting of inaccurate information by credit bureaus

Answer 3

Fair credit reporting act (FCRA)

Question 4

Prohibits discrimination in the sale, rental, advertising and financing of housing on the basis of:
Race
Color
Religion
National. Origin
Sex
Handicapped stats
Familial stats

Answer 4

Federal fair housing laws

Question 5

Prohibits discrimination based on race or color

Answer 5

Civil rights act of 1866

Question 6

Prohibits discrimination on basis of race, color, religion, national origin or sex when selling or leasing residential property

Answer 6

Federal fair housing act of 1968

Question 7

Denying that housing is available for sale or rent, or channeling prospects towards or away from certain areas

Answer 7

Steering

Question 8

Encouraging owners to sell or rent their homes because minority families are entering the neighborhood

Answer 8

Blockbusting

Question 9

A lender altering the terms or conditions for home loans in specific geographic areas as a means of discrimination

Answer 9

Redlining

Question 10

Prohibits discrimination due to handicap status or familial status

Answer 10

Fair housing amendment act of 1988