Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

Ed's NMLO Flash Cards > Regulations > Flashcards

Regulations Flashcards

1
Q

What is Reg B

A

ECOA

Reg B

Equal Credit Opertunity ACT

Creditors must B equal when extending credit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

What is Reg C

A

HMDA

Reg C

Home Morgtage Discloser Act

Allows regulators to C where discrimination to take place

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

What is Regulation H?

A

Secure & Fair Enforcement Act

SAFE

AKA Title V (5)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

What is Regulation N

A

Regualtion N is

Mortgage Acts & Practices (MAP)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

WHat is Regulation P?

A

Regulation P is

Gramm Leach Bliley Act

(GLBA)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

What is Regulation O?

A

Regulation O is

Mortgage Assitance Relief Services

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

What is Reg X

A

RESPA

Real Estate Settlment Procedures Act

Reg X

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What is regulation V?

A

Regulation V is FCTA & FACTA

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

What is Reg Z

A

TIL/TILA

Truth in Lending ACT

Reg Z

TILA the GOZELA

Creidt, APR and Advertising of Loans

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

What is HPA?

A

PMI

Privat Mortgae Insures

Home owners Protection Act

Conventional Loans

PMI is required when borrow puts less then 20% down payment

Protects the lender

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

What is the SAFE Act

A

SAFE ACT

Secure and fair Economic Recovery Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

What is HERA

A

HERA

Housing and Economic Recovery Act

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What is FCRA

A

FACRA

Fair Credit Reporting Act-Reg V

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

What is AfBA/ABA

A

AfBA/ABA

Affilated Business Arrangement

1% (Not 10%)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Civil Rights act is about what?

A

Race

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Escrow Account is also called

A

Impound account

aka reserve account

17
Q

ECOA is what Regulation?

A

Regulation B

ECOA

Reg B

Equal Credit Opportunity ACT

18
Q

HMDA is what regulation?

A

HMDA

Reg C

Home Morgtage Discloser Act

Allows regulators to C where discrimination to take place

19
Q

RESPA is what Regulation?

A

Reg X

RESPA

Real Estate Settlment Procedures Act

Reg X

20
Q

TIL/TILA is what Regulation?

A

Regulation Z

TIL/TILA

Truth in Lending ACT

Reg Z

Ed's NMLO Flash Cards (32 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions