U.S. "Laws"

Question 1

Article 1 Section 8 clause 5 of the U.S. Constitution

Answer 1

Congress shall have the power…To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

Question 2

Article 1 Section 10 clause 1 of the U.S. Constitution

Answer 2

No State shall… make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any… Law impairing the Obligation of Contracts, or grant any Title of Nobility.

Question 3

28 U.S. Code § 3002 (15) (a)

Answer 3

“United States” means…a Federal corporation

Question 4

42 U.S. Code § 408 (8)

Answer 4

Whoever…discloses, uses, or compels the disclosure of the social security number of any person in violation of the laws of the United States…shall be guilty of a felony

Question 5

27 CFR § 72.11

Answer 5

Any of the following types of crimes (Federal or State): Offenses against the revenue laws; burglary; counterfeiting; forgery; kidnapping; larceny; robbery; illegal sale or possession of deadly weapons; prostitution (including soliciting, procuring, pandering, white slaving, keeping house of ill fame, and like offenses); extortion; swindling and confidence games; and attempting to commit, conspiring to commit, or compounding any of the foregoing crimes. Addiction to narcotic drugs and use of marihuana WILL BE TREATED as if such were COMMERCIAL CRIME.

Question 6

FCRA section 609(c)(2)(E)

Answer 6

“a consumer reporting agency is not required to remove accurate derogatory information from a consumer’s file, unless the information is outdated under section 605 or cannot be verified.”

Question 7

12 CFR § 226.17(b)

Answer 7

TILA:
Time of disclosures. The creditor shall make disclosures before consummation of the transaction.

Question 8

12 CFR § 226.17(c)(1)

Answer 8

TILA:
Disclosures shall reflect the terms of the legal obligation between the parties.

Question 9

12 CFR Part 308

Answer 9

FDIC Rules of Practice and Procedures

Question 10

12 CFR § 741.6(b)

Answer 10

GAAP required for credit unions.

Question 11

12 U.S. Code § 83

Answer 11

No national bank shall make any loan or discount on the security of the shares of its own capital stock.

Question 12

6th Amendment US Constitution

Answer 12

In all criminal prosecutions, the accused shall enjoy the right to…be informed of the nature and cause of the accusation

Question 13

26 U.S. Code § 2514

Answer 13

Powers of Appointment: appoint the judge executor of the legal estate and make them liable for the taxes.