Safe Mortgage Loan Originator Test | 100% Correct Answers | Verified | Latest 2024 Version

An application for a mortgage loan has been denied and, as required by Regulation B, an Adverse Action Notice has been delivered to the applicant .Which of the following is not included on the Adverse Action Notice? - C. The right to dispute the credit denial Under the Home Ownership Equity Protection act which loan would be identified as a high cost mortgage? - B. A $95,000 loan with $6175 in fees. Which of the following is not considered a "prohibited basis." under Regulation B? - C. Gender The Home Mortgage Disclosure Act requires lenders to ask applicants and borrowers for information regarding their ethnicity, race, and sex even when applications are made entirely by telephone, mail, or the Internet. If an applicant submitting his or her application in person fails to provide the information from an applicant's. - C. Appearance and surname