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12 Cards in this Set
- Front
- Back
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What federal agency is responsible for enforcing RESPA? |
HUD |
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RESPA section 6, 8, 9, and 10 are? |
6- Protects against abuse in Servicing 8- Prohibits Kickbacks, fee splitting, and unearned fees 9- Seller can't require use of title company 10- identifies amounts that can be charged in escrow accounts |
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Regulates and enforces all laws |
CFPB |
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ECOA is under what regulation? |
Regulation B |
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HMDA is under what regulation? |
Regulation C |
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FCRA is under what regulation? |
Regulation V |
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RESPA is under what regulation? |
Regulation x |
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TILA is under what regulation? |
Regulation z |
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What does ECOA- Equal Credit Opportunity Act do? |
Federal law that ensures all consumers are given equal chance to obtain credit |
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What does the HMDA- Home Mortgage Disclosure Act do? |
Gathers data that helps identify discriminatory lending |
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What does FACRA do? |
Grants access to credit info, rights of debtors, and gives responsibilities to creditors |
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What does TILA Truth in Lending Act do? |
Requires consumers to make certain disclosures of consumer credit costs and finance charges ex. APR |
