HUD CERTIFICATION EXAM
QUESTIONS AND ANSWERS
Deed\Restrictions\-\ans✔Legally\enforceable\terms\that\govern\the\use\of\real\estate
Redlining\-\ans✔The\practice\of\refusing\to\make\residential\loans\or\imposing\more\
onerous\terms\on\any\loans\made\because\of\the\predominant\race,\color,\national\origin,\
religion,\sex,\disability,\or\familial\status\of\the\area's\residents.
Civil\Rights\Act\of\1968\-\ans✔Following\the\assassination\of\Dr.\Martin\Luther\King\Jr.,\
Congress\passed\what\monumental\piece\of\legislation,\which\prohibits\discrimination\in\
housing\sales,\rentals,\and\financing\based\on\race,\color,\national\origin,\religion,\sex,\
disability\and\familial\status?
7\-\ans✔The\Fair\Housing\Act,\as\amended,\protects\how\many\characteristics?
Reasonable\Modification\-\ans✔A\property\manager\of\an\apartment\complex\that\
receives\federal\financial\assistance\installs\a\ramp\so\that\a\tenant\in\a\wheelchair\can\
easily\access\her\first-floor\apartment.
Reasonable\Accommodation\-\ans✔Housing\provider\has\a\policy\of\requiring\tenants\to\
come\to\the\rental\office\to\pay\their\rent.\A\tenant\with\a\mental\disability,\who\is\afraid\to\
leave\her\unit,\is\allowed\to\mail\her\rent\payment.
True\-\ans✔The\Fair\Housing\Act\does\not\prohibit\a\lender\from\showing\potential\clients\
information\about\different\loans.
Fair\Housing\Assistance\Program\(FHAP)\-\ans✔Provides\annual\funding\to\state\and\
local\agencies\that\enforce\fair\housing\laws\that\are\substantially\equivalent\to\the\Fair\
Housing\Act.\These\funds\go\towards\an\agency's\capacity\building,\administrative\costs,\
investigative\and\enforcement\efforts,\training\and\other\projects\designed\to\support\
enforcement\of\fair\housing\law.
Fair\Housing\Initiatives\Program\(FHIP)\-\ans✔Provides\funding\to\fair\housing\
organizations\and\nonprofits\that\assist\people\who\may\have\been\victims\of\housing\
discrimination.
, Marketing\Analysis\-\ans✔Aim\is\to\identify\groups\of\people\who\would\benefit\most\if\
targeted\by\the\campaign,\the\characteristics\of\these\people,\and\their\expectations.
Networking\Event\-\ans✔The\opportunity\to\increase\awareness\of\the\plans\and\actions\
of\housing\industry\members,\private\organizations\and\foundations,\public\housing\
agencies,\neighborhood\groups,\regional\organizations,\and\others\to\further\fair\housing\
objectives.
Personal\Information\-\ans✔The\section\of\the\credit\report\that\contains\employer\details.
Account\Information\-\ans✔The\section\of\a\credit\report\that\contains\information\about\a\
student\loan.
Public\Records\-\ans✔The\section\of\the\credit\report\that\contains\court\information\such\
as\a\bankruptcy.
Inquiries\-\ans✔The\section\of\the\credit\report\that\will\show\recent\attempts\to\open\a\
credit\card.
Consumer\Rights\-\ans✔The\section\of\the\credit\report\that\contains\information\about\
how\to\correct\inaccuracies.
Account\History\-\ans✔Credit:\Payment\history\of\accounts,\including\late\payments,\
delinquencies,\judgments,\and\liens.
Amounts\Owed\-\ans✔Credit:\Ratio\of\total\credit\extended\to\the\amount\of\credit\owed.
Length\of\Credit\History\-\ans✔Credit:\Overall\length\of\credit\history\in\the\report\as\well\
as\the\average\age\of\accounts.
Types\of\Credit\-\ans✔Credit:\Variety\of\accounts\(e.g.\credit\card,\auto\loan,\mortgage)
New\Credit\-\ans✔Credit:\Number\of\recent\credit\inquiries,\as\well\as\new\credit\
accounts.
AnnualCreditReport.com\-\ans✔Where\does\a\client\go\to\get\a\free\credit\report?
Fair\Credit\Reporting\Act\(FCRA)\-\ans✔You\have\the\right\to\dispute\information\in\your\
credit\file\that\is\incomplete,\inaccurate,\or\unverifiable.
Fair\and\Accurate\Credit\Transactions\Act\(FACTA)\-\ans✔You\have\the\right\to\a\free\
annual\credit\report.
Fair\and\Accurate\Credit\Transactions\Act\(FACTA)\-\ans✔You\have\the\right\to\place\a\
fraud\alert\on\your\credit\file.
QUESTIONS AND ANSWERS
Deed\Restrictions\-\ans✔Legally\enforceable\terms\that\govern\the\use\of\real\estate
Redlining\-\ans✔The\practice\of\refusing\to\make\residential\loans\or\imposing\more\
onerous\terms\on\any\loans\made\because\of\the\predominant\race,\color,\national\origin,\
religion,\sex,\disability,\or\familial\status\of\the\area's\residents.
Civil\Rights\Act\of\1968\-\ans✔Following\the\assassination\of\Dr.\Martin\Luther\King\Jr.,\
Congress\passed\what\monumental\piece\of\legislation,\which\prohibits\discrimination\in\
housing\sales,\rentals,\and\financing\based\on\race,\color,\national\origin,\religion,\sex,\
disability\and\familial\status?
7\-\ans✔The\Fair\Housing\Act,\as\amended,\protects\how\many\characteristics?
Reasonable\Modification\-\ans✔A\property\manager\of\an\apartment\complex\that\
receives\federal\financial\assistance\installs\a\ramp\so\that\a\tenant\in\a\wheelchair\can\
easily\access\her\first-floor\apartment.
Reasonable\Accommodation\-\ans✔Housing\provider\has\a\policy\of\requiring\tenants\to\
come\to\the\rental\office\to\pay\their\rent.\A\tenant\with\a\mental\disability,\who\is\afraid\to\
leave\her\unit,\is\allowed\to\mail\her\rent\payment.
True\-\ans✔The\Fair\Housing\Act\does\not\prohibit\a\lender\from\showing\potential\clients\
information\about\different\loans.
Fair\Housing\Assistance\Program\(FHAP)\-\ans✔Provides\annual\funding\to\state\and\
local\agencies\that\enforce\fair\housing\laws\that\are\substantially\equivalent\to\the\Fair\
Housing\Act.\These\funds\go\towards\an\agency's\capacity\building,\administrative\costs,\
investigative\and\enforcement\efforts,\training\and\other\projects\designed\to\support\
enforcement\of\fair\housing\law.
Fair\Housing\Initiatives\Program\(FHIP)\-\ans✔Provides\funding\to\fair\housing\
organizations\and\nonprofits\that\assist\people\who\may\have\been\victims\of\housing\
discrimination.
, Marketing\Analysis\-\ans✔Aim\is\to\identify\groups\of\people\who\would\benefit\most\if\
targeted\by\the\campaign,\the\characteristics\of\these\people,\and\their\expectations.
Networking\Event\-\ans✔The\opportunity\to\increase\awareness\of\the\plans\and\actions\
of\housing\industry\members,\private\organizations\and\foundations,\public\housing\
agencies,\neighborhood\groups,\regional\organizations,\and\others\to\further\fair\housing\
objectives.
Personal\Information\-\ans✔The\section\of\the\credit\report\that\contains\employer\details.
Account\Information\-\ans✔The\section\of\a\credit\report\that\contains\information\about\a\
student\loan.
Public\Records\-\ans✔The\section\of\the\credit\report\that\contains\court\information\such\
as\a\bankruptcy.
Inquiries\-\ans✔The\section\of\the\credit\report\that\will\show\recent\attempts\to\open\a\
credit\card.
Consumer\Rights\-\ans✔The\section\of\the\credit\report\that\contains\information\about\
how\to\correct\inaccuracies.
Account\History\-\ans✔Credit:\Payment\history\of\accounts,\including\late\payments,\
delinquencies,\judgments,\and\liens.
Amounts\Owed\-\ans✔Credit:\Ratio\of\total\credit\extended\to\the\amount\of\credit\owed.
Length\of\Credit\History\-\ans✔Credit:\Overall\length\of\credit\history\in\the\report\as\well\
as\the\average\age\of\accounts.
Types\of\Credit\-\ans✔Credit:\Variety\of\accounts\(e.g.\credit\card,\auto\loan,\mortgage)
New\Credit\-\ans✔Credit:\Number\of\recent\credit\inquiries,\as\well\as\new\credit\
accounts.
AnnualCreditReport.com\-\ans✔Where\does\a\client\go\to\get\a\free\credit\report?
Fair\Credit\Reporting\Act\(FCRA)\-\ans✔You\have\the\right\to\dispute\information\in\your\
credit\file\that\is\incomplete,\inaccurate,\or\unverifiable.
Fair\and\Accurate\Credit\Transactions\Act\(FACTA)\-\ans✔You\have\the\right\to\a\free\
annual\credit\report.
Fair\and\Accurate\Credit\Transactions\Act\(FACTA)\-\ans✔You\have\the\right\to\place\a\
fraud\alert\on\your\credit\file.
