Fair Lending Final Quiz
10 Questions
| Total Attempts: 66
Questions and Answers
- 1.What was the first act passed in regard to Fair Lending?
- A.
Fair Housing Act
- B.
Equal Credit Opportunity Act
- C.
Home Mortgage Disclosure Act
- D.
Home Ownership and Equity Protection Act
- 2.Which act established the CFPB?
- A.
ECOA
- B.
Fair Housing Act
- C.
Dodd-Frank Act
- D.
SAFE Act
- 3.Which of the following acts is NOT directly related to fair lending?
- A.
Fair Housing Act
- B.
Equal Credit Opportunity Act
- C.
Homeowners Protection Act
- D.
Home Ownership and Equity Protection Act
- 4.Fair Lending is defined as, “fair, equitable, and nondiscriminatory access to credit for consumers.”
- A.
True
- B.
False
- 5.Penalties for each violation of laws regulated by the CFPB can carry all of the following fines EXCEPT:
- A.
$1,000 a day
- B.
$5,000 a day
- C.
$25,000 a day
- D.
$1,000,000 a day
- 6.The Fair Housing Act was passed as a memorial to who's life?
- A.
Lyndon Johnson
- B.
Martin Luther King, Jr
- C.
John F Kennedy
- D.
Frank Dodd
- 7.Who has the enforcement duties for the Fair Lending laws and regulations such as ECOA and HMDA?
- A.
The Federal Financial Bureau
- B.
Consumer Financial Protection Bureau
- C.
Congress
- D.
Department of Housing and Urban Development
- 8.Which of the following would NOT be a basis for an individual being considered to be in a protected class?
- A.
Race
- B.
Sex
- C.
Education
- D.
Religion
- 9.The primary reason ECOA was established was the discriminatory treatment of:
- A.
Teenagers
- B.
Women
- C.
Aliens
- D.
Christians
- 10.Mortgage lending laws in the United States reflect a commitment to the belief that access to home loans should be available to all consumers who can demonstrate creditworthiness and based on accurate personal financial information.
- A.
True
- B.
False
The Barnstable County Fair has been a Cape tradition for decades. Take our on-line quiz to test your fair smarts! (Some information was taken from the Barnstable County Fair's website: www.barnstablecountyfair.org)
Questions: 12 | Attempts: 85 | Last updated: Mar 21, 2022
-
Sample QuestionWhat year did the the Barnstable County Agricultural Society hold its first fair?
Questions: 5 | Attempts: 35 | Last updated: Mar 15, 2022
-
Sample QuestionWhat was the first act passed in regard to Fair Lending?
Finding the Way to Fair Housing Review
Questions: 13 | Attempts: 446 | Last updated: Mar 21, 2022
-
Sample QuestionAnyone can file a fair housing complaint (a resident, a visitor, a property manager, etc).
Back to top