Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
Annual Percentage Rate |
(APR) Total Cost; Relationship between the cost of borrowing the total amount financed, represented as a percentage. |
|
|
Equal Credit Opportunity Act |
(ECOA) Federal law that prohibits discrimination in granting credit to people based on sex, age, marital status, race, color, religion, national origin, or receipt of public assistance. |
|
|
Fiscal Policy |
The government's plan for spending, taxation, and debt management. |
|
|
Monetary Policy |
Means by which the government exerts control over the supply and cost of money. |
|
|
Real Estate Settlement Procedures Act |
(RESPA) Federal law dealing with real Estate closings that provides specific procedures and guidelines for the disclosure of settlement costs. |
|
|
Truth In Lending Act |
(TILA) Act that requires lenders to disclose credit costs in order to promote informed use of consumer credit. |
|
|
Housing Cycles |
General swings in real estate activity that result in either a Buyers Market or a Sellers Market. |
|
|
P-E-G-S |
Four broad forces that affect real estate cycles: Physical Economic Governmental Social |
