HUD CERTIFICATION EXAM ACTUAL 2025/26 VERIFIED
QUESTIONS AND 100% ACCURATE ANSWERS GRADED A+
Fair credit reporting act (fcra) <<<ANSWERS>>>you have the right
to dispute information in your credit file that is incomplete,
inaccurate, or unverifiable.
Fair and accurate credit transactions act (facta)
<<<ANSWERS>>>you have the right to a free annual credit report.
Fair and accurate credit transactions act (facta)
<<<ANSWERS>>>you have the right to place a fraud alert on your
credit file.
Fair credit reporting act (fcra) <<<ANSWERS>>>you have the right
to know what is in your credit file.
Fair credit billing act (fcba) <<<ANSWERS>>>which federal law
protects a consumer's right to dispute a billing error associated
with his/her credit card account.
Fair credit reporting act (fcra) <<<ANSWERS>>>what act limits
employers access to persons credit report.
Wire transfer fee <<<ANSWERS>>>fee charged when a client
sends a payment to another account electronically through
electronic funds transfer (eft)
Overdraft fee <<<ANSWERS>>>fee charged when an account
doesn't have money to cover a purchase and the financial
institution loans money to complete the payment.
, Stop payment fee <<<ANSWERS>>>fee charged to invalidate a
check before it is cashed.
Nsf fee <<<ANSWERS>>>fee charged if there is not enough money
in an account to cover a check payment of other purchase.
Cd; money market; high-interest account
<<<ANSWERS>>>examples of accounts that would be ideal for
short-term large purchase savings
Renters insurance <<<ANSWERS>>>an insurance policy that
provides coverage for damages, within a rental property, to
renters' belongings and liability.
Discount points <<<ANSWERS>>>a type of pre-paid interest
normally paid at closing and generally calculated to be
equivalent to 1% of the total loan amount
Default <<<ANSWERS>>>the inability to make timely payments or
fulfill legal obligations of loan terms.
Equity <<<ANSWERS>>>value of ownership interest in property.
Foreclosure <<<ANSWERS>>>a legal process in which mortgaged
property is sold to pay the loan of a defaulting borrower.
Escrow <<<ANSWERS>>>funds to be used for specific purposes
by parties carrying out a mutual transaction, deposited with a
third party.
Closing costs <<<ANSWERS>>>fees for final property transfer that
are not included in the price of the property.
QUESTIONS AND 100% ACCURATE ANSWERS GRADED A+
Fair credit reporting act (fcra) <<<ANSWERS>>>you have the right
to dispute information in your credit file that is incomplete,
inaccurate, or unverifiable.
Fair and accurate credit transactions act (facta)
<<<ANSWERS>>>you have the right to a free annual credit report.
Fair and accurate credit transactions act (facta)
<<<ANSWERS>>>you have the right to place a fraud alert on your
credit file.
Fair credit reporting act (fcra) <<<ANSWERS>>>you have the right
to know what is in your credit file.
Fair credit billing act (fcba) <<<ANSWERS>>>which federal law
protects a consumer's right to dispute a billing error associated
with his/her credit card account.
Fair credit reporting act (fcra) <<<ANSWERS>>>what act limits
employers access to persons credit report.
Wire transfer fee <<<ANSWERS>>>fee charged when a client
sends a payment to another account electronically through
electronic funds transfer (eft)
Overdraft fee <<<ANSWERS>>>fee charged when an account
doesn't have money to cover a purchase and the financial
institution loans money to complete the payment.
, Stop payment fee <<<ANSWERS>>>fee charged to invalidate a
check before it is cashed.
Nsf fee <<<ANSWERS>>>fee charged if there is not enough money
in an account to cover a check payment of other purchase.
Cd; money market; high-interest account
<<<ANSWERS>>>examples of accounts that would be ideal for
short-term large purchase savings
Renters insurance <<<ANSWERS>>>an insurance policy that
provides coverage for damages, within a rental property, to
renters' belongings and liability.
Discount points <<<ANSWERS>>>a type of pre-paid interest
normally paid at closing and generally calculated to be
equivalent to 1% of the total loan amount
Default <<<ANSWERS>>>the inability to make timely payments or
fulfill legal obligations of loan terms.
Equity <<<ANSWERS>>>value of ownership interest in property.
Foreclosure <<<ANSWERS>>>a legal process in which mortgaged
property is sold to pay the loan of a defaulting borrower.
Escrow <<<ANSWERS>>>funds to be used for specific purposes
by parties carrying out a mutual transaction, deposited with a
third party.
Closing costs <<<ANSWERS>>>fees for final property transfer that
are not included in the price of the property.
