Which of the following fair lending laws was created to fight predatory lending practices:
A) Equal Credit Opportunity Act.
B) Community Reinvestment Act
C) Home Mortgage Disclosure Act.
D) Home Ownership and Equity Protection Act.
E) Real Estate Settlement Procedures Act.
Correct Answer:
Verified
Q12: A sale of property where the mortgage
Q13: In many states, a mortgagor in default
Q14: Usury laws are governed by the "Uniform
Q15: State Mutual Bank has a mortgage on
Q16: The following description best characterizes which instrument
Q17: Lenders prefer nonnegotiable notes because the eventual
Q19: Under federal law, lenders may not discriminate
Q20: Redlining occurs whenever lenders refuse to make
Q21: A nonrecourse note:
A)results in a borrower becoming
Q22: The last possible event in the foreclosure
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