HMDA EXAM 2025 QUESTIONS WITH
100% SOLVED CORRECTLY
ANSWERS!!
1 of 54
Definition
how parties accept electronic signatures on certain disclosures and
documents
Give this one a try later!
The Privacy Act restricts the use of The Digital Millennium Copyright
electronic communications Act regulates online content sharing
, The Fair Credit Reporting Act The Electronic Records in
addresses consumer Global and National
credit information Commerce Act governs
Don't know?
2 of 54
Term
Consumers may obtain free credit report annually from
Give this one a try later!
www.kellybluebook.com or
kbb.com www.onlinecreditreport.com
www.annualcreditreport.com www.bankofamerica.com
Don't know?
3 of 54
Term
Companies who violate the Do Not Call rules may be fined up to ____
per violation
Give this one a try later!
, $6,000 $32,000
$16,000 $160,000
Don't know?
4 of 54
Term
Calls made outside these hours are a violation of the
Give this one a try later!
Mortgages Acts And Practices Do Not Call rules
Public records or information in a
Privacy Laws telephone directory
Don't know?
5 of 54
Term
An "Opt out" notice must be given if
Give this one a try later!
, the institution does share the institution has received
information with non-affiliates a complaint from a
customer
the institution has a partnership with the institution is required to disclose
another financial entity its annual profits
Don't know?
6 of 54
Term
If a loan goes into default and the lender finds fraud in the file, the
lender will often require the originating broker/lender to repurchase
the loan (True)
Give this one a try later!
Very Expensive!!
That If A Loan Pays Off Within A Certain Period Of Time, The Broker May Be
Required To Reimburse The Lender Any Yield Spread Premium Received On The
Loan
Fraud If The Lender Doesn't Know About All Steps Involved
$16,000
100% SOLVED CORRECTLY
ANSWERS!!
1 of 54
Definition
how parties accept electronic signatures on certain disclosures and
documents
Give this one a try later!
The Privacy Act restricts the use of The Digital Millennium Copyright
electronic communications Act regulates online content sharing
, The Fair Credit Reporting Act The Electronic Records in
addresses consumer Global and National
credit information Commerce Act governs
Don't know?
2 of 54
Term
Consumers may obtain free credit report annually from
Give this one a try later!
www.kellybluebook.com or
kbb.com www.onlinecreditreport.com
www.annualcreditreport.com www.bankofamerica.com
Don't know?
3 of 54
Term
Companies who violate the Do Not Call rules may be fined up to ____
per violation
Give this one a try later!
, $6,000 $32,000
$16,000 $160,000
Don't know?
4 of 54
Term
Calls made outside these hours are a violation of the
Give this one a try later!
Mortgages Acts And Practices Do Not Call rules
Public records or information in a
Privacy Laws telephone directory
Don't know?
5 of 54
Term
An "Opt out" notice must be given if
Give this one a try later!
, the institution does share the institution has received
information with non-affiliates a complaint from a
customer
the institution has a partnership with the institution is required to disclose
another financial entity its annual profits
Don't know?
6 of 54
Term
If a loan goes into default and the lender finds fraud in the file, the
lender will often require the originating broker/lender to repurchase
the loan (True)
Give this one a try later!
Very Expensive!!
That If A Loan Pays Off Within A Certain Period Of Time, The Broker May Be
Required To Reimburse The Lender Any Yield Spread Premium Received On The
Loan
Fraud If The Lender Doesn't Know About All Steps Involved
$16,000
