MLO National Exam questions with correct answers

According to the FCRA, when must a credit agency give a consumer a free copy of his credit report? A.)If the loan application is denied because of information in the report B.) Whenever he request it Answer A.)If the loan application is denied because of information in the report A Consumer comes into your office to apply for a loan. The Home Mortgage Disclosure Act requires you to collect information about her race. If she does not wish to provide information for that section of the application, what do you do? A.)Skip it all together B.)Have her check the box indicating she does not wish to furnish the information, then answer it according to visual observation when she leaves Answer B.)Have her check the box indicating she does not wish to furnish the information, then answer it according to visual observation when she leaves. After the collection of statistical data, lenders are required to forward that information to the regulator by what date under the Home Mortgage Disclosure act? Answer March 1st. ABC Bank Receives a change of address requ