Hf Home Ownership Education Mod1

7 Questions  I  By Fnbhf
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Hf Home Ownership Education Mod1
Please complete the Home Ownership Education Questionnaire - Module 1.

  
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1.  You have the legal right to have the bank explain all the terms and conditions to you.
A.
B.
2.  The National Credit Act enables you to loan money even if you cannot repay it.
A.
B.
3.  Which of the following is not correct?
A.
B.
C.
D.
4.  What kind of loan does the bank offer in order for you to purchase your home?
A.
B.
C.
5.  If you give incorrect, wrong or incomplete information to the bank and the bank grants you a home loan which you later cannot afford to repay, will you then be afforded the protection of the National Credit Act?
A.
B.
6.  Banks earn income from the interest and fees they charge.
A.
B.
7.  Which Act aims to restrict unwanted direct marketing and also emphasize consumer's right to a cooling off period after direct marketing?  This Act is a consolidation of all existing consumer protection laws.
A.
B.
C.
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