QFA Loans - Sample Paper 1
A borrower offers a guarantor to a lender as extra protection for a loan. This is called what sort
of security?
A Prime.
B Collateral.
C Fixed.
D Legal. - ANS-B
2.Four - Security for housing loans
A borrower might be deemed to be not co- operating in the event that they:
(i) refuse to interact with the regulated entity.
(ii) fail to make an honest disclosure of their economic state of affairs.
(iii) refuse to accept an alternative compensation association.
A (i) simplest.
B (iii) simplest.
C (i) and (ii) handiest.
D (i), (ii) and (iii). - ANS-C
8.1.5.4 - Not co-running borrower
A Credit Information Provider (CIP) in relation to the Central Credit Register method:
(i) NAMA.
(ii) a neighborhood authority.
(iii) a pawnbroker.
A (ii) handiest.
B (i) and (ii) best.
C (ii) and (iii) simplest.
D (i), (ii) and (iii). - ANS-B
6.18.1 - Credit Information Subjects/Credit Information
Providers
A debt consolidation housing loan:
A is extra pricey than an unsecured
personal mortgage.
B is normally provided over a longer term than a non-public mortgage.
,C does now not require protection.
D attracts a better interest price than a
non-public loan. - ANS-B
7.2.1 - What is a Debt Consolidation Loan?
A Debt Relief Notice could be issued to people whose qualifying debt is:
A unsecured debt as much as €35,000.
B a secured debt up to €a hundred,000.
C unsecured debt much less than €2.5 million.
D a secured debt as much as €three million. - ANS-A
eight.12 - Personal Insolvency (Amendment) Act, 2015
A housing mortgage lender MUST:
A maintain a publicly on hand register of all loan intermediaries to whom they have issued a
present day appointment.
B submit in a countrywide newspaper on a month-to-month basis a list of all of the mortgage
intermediaries to whom they've issued a contemporary appointment on an annual foundation.
C put up in a country wide newspaper on a every year foundation the names and addresses of
any mortgage middleman that they've removed from their sign up.
D are searching for approval from the Central Bank of Ireland if they wish to dispose of a
mortgage middleman from their sign in. - ANS-A
6.1.5 - Obligation on public registers
A lender commonly expenses a decrease hobby price on a housing loan because:
A the loan is secured against the belongings.
B they may be required to accomplish that via the Consumer
Credit Act, 1995.
C the mortgage is unsecured.
D they are required to achieve this with the aid of the Consumer Protection Code. - ANS-A
1.2 - Individual Loan Needs
A lender is authorized to make an unsolicited cellphone call to a ability consumer if:
A they desire to provide the purchaser a protection policy.
B they want to provide the customer a housing loan. C the character is listed inside the
residential
smartphone e book.
D the ability purchaser is related to an existing patron. - ANS-A
6.3.2.2 - Unsolicited T elephone Contact
, A MARP publication outlines:
A information of a regulated entity's loan
arrears resolution approaches.
B information of the Money and Advice Bureau simplest.
C details of the title of a property. D information of a loan provide. - ANS-A
eight.3 - Communication with the Borrower
A remortgage could NOT usually be used for the motive of:
A consolidating current debt to lessen ordinary outgoings.
B freeing fairness for non-debt-associated purposes.
C reducing interest fees or extending a loan time period.
D promoting an interest within the property. - ANS-D
7.1 - Remortgage
A wayleave is:
A a covenant prohibiting a commercial enterprise to be completed inside a premises.
B searching and fishing rights on the land of any other.
C a right of manner throughout land to carry in gasoline pipes and lay cables.
D a proper of way enjoyed by way of a property proprietor over the lands of some other. -
ANS-C
2.Five.Three - Rights and Interests over Land
According to the European Union Consumer Mortgage Credit Agreements, 2016, if an individual
needs to offer advisory services they should be authorized as a/an:
A investment intermediary.
B loan middleman.
C mortgage credit intermediary.
D credit score middleman. - ANS-C
6.1.2 - Mortgage Credit intermediary.
Alex is a non-first time purchaser who purchased his domestic to stay in, again in January 2006.
In 2019, he will acquire mortgage interest remedy at WHAT percent?
A Zero percent.
B 15%
C 25%
D 30% - ANS-B
three.2.Three Determine the rate of tax remedy allowed in 2018
A borrower offers a guarantor to a lender as extra protection for a loan. This is called what sort
of security?
A Prime.
B Collateral.
C Fixed.
D Legal. - ANS-B
2.Four - Security for housing loans
A borrower might be deemed to be not co- operating in the event that they:
(i) refuse to interact with the regulated entity.
(ii) fail to make an honest disclosure of their economic state of affairs.
(iii) refuse to accept an alternative compensation association.
A (i) simplest.
B (iii) simplest.
C (i) and (ii) handiest.
D (i), (ii) and (iii). - ANS-C
8.1.5.4 - Not co-running borrower
A Credit Information Provider (CIP) in relation to the Central Credit Register method:
(i) NAMA.
(ii) a neighborhood authority.
(iii) a pawnbroker.
A (ii) handiest.
B (i) and (ii) best.
C (ii) and (iii) simplest.
D (i), (ii) and (iii). - ANS-B
6.18.1 - Credit Information Subjects/Credit Information
Providers
A debt consolidation housing loan:
A is extra pricey than an unsecured
personal mortgage.
B is normally provided over a longer term than a non-public mortgage.
,C does now not require protection.
D attracts a better interest price than a
non-public loan. - ANS-B
7.2.1 - What is a Debt Consolidation Loan?
A Debt Relief Notice could be issued to people whose qualifying debt is:
A unsecured debt as much as €35,000.
B a secured debt up to €a hundred,000.
C unsecured debt much less than €2.5 million.
D a secured debt as much as €three million. - ANS-A
eight.12 - Personal Insolvency (Amendment) Act, 2015
A housing mortgage lender MUST:
A maintain a publicly on hand register of all loan intermediaries to whom they have issued a
present day appointment.
B submit in a countrywide newspaper on a month-to-month basis a list of all of the mortgage
intermediaries to whom they've issued a contemporary appointment on an annual foundation.
C put up in a country wide newspaper on a every year foundation the names and addresses of
any mortgage middleman that they've removed from their sign up.
D are searching for approval from the Central Bank of Ireland if they wish to dispose of a
mortgage middleman from their sign in. - ANS-A
6.1.5 - Obligation on public registers
A lender commonly expenses a decrease hobby price on a housing loan because:
A the loan is secured against the belongings.
B they may be required to accomplish that via the Consumer
Credit Act, 1995.
C the mortgage is unsecured.
D they are required to achieve this with the aid of the Consumer Protection Code. - ANS-A
1.2 - Individual Loan Needs
A lender is authorized to make an unsolicited cellphone call to a ability consumer if:
A they desire to provide the purchaser a protection policy.
B they want to provide the customer a housing loan. C the character is listed inside the
residential
smartphone e book.
D the ability purchaser is related to an existing patron. - ANS-A
6.3.2.2 - Unsolicited T elephone Contact
, A MARP publication outlines:
A information of a regulated entity's loan
arrears resolution approaches.
B information of the Money and Advice Bureau simplest.
C details of the title of a property. D information of a loan provide. - ANS-A
eight.3 - Communication with the Borrower
A remortgage could NOT usually be used for the motive of:
A consolidating current debt to lessen ordinary outgoings.
B freeing fairness for non-debt-associated purposes.
C reducing interest fees or extending a loan time period.
D promoting an interest within the property. - ANS-D
7.1 - Remortgage
A wayleave is:
A a covenant prohibiting a commercial enterprise to be completed inside a premises.
B searching and fishing rights on the land of any other.
C a right of manner throughout land to carry in gasoline pipes and lay cables.
D a proper of way enjoyed by way of a property proprietor over the lands of some other. -
ANS-C
2.Five.Three - Rights and Interests over Land
According to the European Union Consumer Mortgage Credit Agreements, 2016, if an individual
needs to offer advisory services they should be authorized as a/an:
A investment intermediary.
B loan middleman.
C mortgage credit intermediary.
D credit score middleman. - ANS-C
6.1.2 - Mortgage Credit intermediary.
Alex is a non-first time purchaser who purchased his domestic to stay in, again in January 2006.
In 2019, he will acquire mortgage interest remedy at WHAT percent?
A Zero percent.
B 15%
C 25%
D 30% - ANS-B
three.2.Three Determine the rate of tax remedy allowed in 2018
