HUD Certification Exam/ 115 Quizzes & Correct
Ans
The Fair Housing Act does not prohibit a lender from showing potential clients
information about different loans. - Answer: True
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. - Answer: Fair Housing Assistance Program (FHAP)
,Provides funding to fair housing organizations and nonprofits that assist people
who may have been victims of housing discrimination. - Answer: Fair Housing
Initiatives Program (FHIP)
Aim is to identify groups of people who would benefit most if targeted by the
campaign, the characteristics of these people, and their expectations. - Answer:
Marketing Analysis
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. - Answer: Networking Event
The section of the credit report that contains employer details. - Answer: Personal
Information
The section of a credit report that contains information about a student loan. -
Answer: Account Information
The section of the credit report that contains court information such as a
bankruptcy. - Answer: Public Records
The section of the credit report that will show recent attempts to open a credit
card. - Answer: Inquiries
, The section of the credit report that contains information about how to correct
inaccuracies. - Answer: Consumer Rights
Credit: Payment history of accounts, including late payments, delinquencies,
judgments, and liens. - Answer: Account History
Credit: Ratio of total credit extended to the amount of credit owed. - Answer:
Amounts Owed
Credit: Overall length of credit history in the report as well as the average age of
accounts. - Answer: Length of Credit History
Credit: Variety of accounts (e.g. credit card, auto loan, mortgage) - Answer: Types
of Credit
Credit: Number of recent credit inquiries, as well as new credit accounts. -
Answer: New Credit
Where does a client go to get a free credit report? - Answer:
AnnualCreditReport.com
You have the right to dispute information in your credit file that is incomplete,
inaccurate, or unverifiable. - Answer: Fair Credit Reporting Act (FCRA)
Ans
The Fair Housing Act does not prohibit a lender from showing potential clients
information about different loans. - Answer: True
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. - Answer: Fair Housing Assistance Program (FHAP)
,Provides funding to fair housing organizations and nonprofits that assist people
who may have been victims of housing discrimination. - Answer: Fair Housing
Initiatives Program (FHIP)
Aim is to identify groups of people who would benefit most if targeted by the
campaign, the characteristics of these people, and their expectations. - Answer:
Marketing Analysis
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. - Answer: Networking Event
The section of the credit report that contains employer details. - Answer: Personal
Information
The section of a credit report that contains information about a student loan. -
Answer: Account Information
The section of the credit report that contains court information such as a
bankruptcy. - Answer: Public Records
The section of the credit report that will show recent attempts to open a credit
card. - Answer: Inquiries
, The section of the credit report that contains information about how to correct
inaccuracies. - Answer: Consumer Rights
Credit: Payment history of accounts, including late payments, delinquencies,
judgments, and liens. - Answer: Account History
Credit: Ratio of total credit extended to the amount of credit owed. - Answer:
Amounts Owed
Credit: Overall length of credit history in the report as well as the average age of
accounts. - Answer: Length of Credit History
Credit: Variety of accounts (e.g. credit card, auto loan, mortgage) - Answer: Types
of Credit
Credit: Number of recent credit inquiries, as well as new credit accounts. -
Answer: New Credit
Where does a client go to get a free credit report? - Answer:
AnnualCreditReport.com
You have the right to dispute information in your credit file that is incomplete,
inaccurate, or unverifiable. - Answer: Fair Credit Reporting Act (FCRA)
