Texas Real Estate Finance - Chapter 3 Exam Questions and Answers (Most Recent Version, Complete Study

Texas Real Estate Finance - Chapter 3
Exam Questions and Answers (Most
Recent Version, Complete Study
Material)
Which of the following is responsible for the implementation
and
administration of U.S. government housing and urban
development programs...?


OCC
FHA
HUD
FDIC - Correct Answers ✅HUD


This is a federal prohibition on discrimination in sale, rental,
financing, or appraisal of housing on the basis of race, color,
religion, gender, national origin, handicap, or familial
status...?


Fair Housing Act of 1866
Fair Housing Act of 1968
ADA
TILA - Correct Answers ✅Fair Housing Act of 1968


HUD was created in what year...?

,Texas Real Estate Finance - Chapter 3
Exam Questions and Answers (Most
Recent Version, Complete Study
Material)
1933
1965
1988
2009 - Correct Answers ✅1965


The Interstate Land Sales Full Disclosure Act was enacted in
what year...?


1964
1968
1974
1988 - Correct Answers ✅1968


Which of the following is responsible for the enforcement of
the Interstate Land Sales Disclosure Act...?


HUD
OCC
FHA
Consumer Financial Protection Bureau - Correct Answers
✅Consumer Financial Protection Bureau

, Texas Real Estate Finance - Chapter 3
Exam Questions and Answers (Most
Recent Version, Complete Study
Material)
The Housing Choice Voucher Program was formally known
as...?


Section 8
Section 12-A
CRA
TARP - Correct Answers ✅Section 8


RESPA requires lenders to provide borrowers with which of
the following...?


Title insurance
Closing Statement
Loan Estimate
Letter of Intent - Correct Answers ✅Loan Estimate


The Loan Estimate provides the borrower with which of the
following information...?


Summary of loan terms
Estimated loan costs
Closing costs