tx Question and answers correctly solved

tx Question and answers correctly solved Laissez-faire - correct answer A policy or attitude of letting things take their own course, without interfering. 4 key communication skills: Maintain or enhance customer - correct answer Self esteem - correct answer Equal Credit Opportunity Act (ECOA) - correct answer Designed to make credit available to every financially qualified applicant Home Mortgage Disclosure Act (HMDA) - correct answer Requires lenders to report income and ethnicity data of loan applicants, as well as the type of loan applied for, where the property is located, and weather the application was approved, denied, or withdrawn ECOA Prohibits Discrimination Based ON - correct answer Race Color Religion National Origin Sex Age Marital Status Public Assistance Dependence Community Reinvestment Act (CRA) - correct answer Requires lenders to serve their local communities first- to meet the deposit and credit needs of their low income and moderate income housing communities Does ECOA apply to all lenders? - correct answer No, ECOA applies only persons or institutions that make loans on a regular basis