HUD CERTIFICATION EXAM LATEST UPDATE

HUD CERTIFICATION EXAM LATEST UPDATE Deed Restrictions - CORRECT ANSWER Legally enforceable terms that govern the use of real estate Redlining - CORRECT ANSWER 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 - CORRECT ANSWER 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 - CORRECT ANSWER The Fair Housing Act, as amended, protects how many characteristics? Reasonable Modification - CORRECT ANSWER 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 - CORRECT ANSWER 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 - CORRECT ANSWER The Fair Housing Act does not prohibit a lender from showing potential clients information about different loans. Fair Housing Assistance Program (FHAP) - CORRECT ANSWER 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. HUD CERTIFICATION EXAM LATEST UPDATE 2 | P a g e Fair Housing Initiatives Program (FHIP) - CORRECT ANSWER Provides funding to fair housing organizations and nonprofits that assist people who may have been victims of housing discrimination. Marketing Analysis - CORRECT ANSWER 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 - CORRECT ANSWER 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 - CORRECT ANSWER The section of the credit report that contains employer details. Account Information - CORRECT ANSWER The section of a credit report that contains information about a student loan. Public Records - CORRECT ANSWER The section of the credit report that contains court information such as a bankruptcy. Inquiries - CORRECT ANSWER The section of the credit report that will show recent attempts to open a credit card. Consumer Rights - CORRECT ANSWER The section of the credit report that contains information about how to correct inaccuracies. Account History - CORRECT ANSWER Credit: Payment history of accounts, including late payments, delinquencies, judgments, and liens. Amounts Owed - CORRECT ANSWER Credit: Ratio of total credit extended to the amount of credit owed.