In the mid-1980s a movement began among the federal supervisory agencies to produce a uniform ARM regulation. In 1988, the Federal Reserve Board added the uniform ARM disclosure requirements to a regulation. Therefore, most of the original OCC ARM consumer protection requirements are now found in this new regulation. Adjustable rate mortgage loans made by national banks may be subject to the OCC's ARM regulation or the requirements of this new regulation, or both. This new regulation is:
A) Regulation Z
B) Truth in Lending
C) CFR 34.21, 34.22 and 34.23
D) FIRREA penalty
Correct Answer:
Verified
Q8: Which one of the following is out
Q9: Under Interagency Guidance on Subprime Lending (1999)
Q10: The purpose of guidelines for National Banks
Q11: To be effective, compliance risk management professionals
Q12: The compliance program should address plans to
Q14: They also embrace the concept of risk-based
Q15: For example on a 0-5 scale:
Q16: Which of the following should be done
Q17: In Requirements section of Adjusted Mortgage Regulation
Q18: After a compliance officer develops a base
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