Final quiz to determine what you have learned about UDAAP.
True
False
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Obama Care 2011
RESPA
Dodd-Frank Act
Americans with Disability Act
Not part of federal legislation but required by CFPB
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Is the statement PROMINENT enough for the consumer to notice?
Is the information PRESENTED in an easy-to-understand format that does not contradict other information in the package and at a time when the consumer’s attention is not distracted elsewhere?
Is the PLACEMENT of the information in a location where consumers can be expected to look or hear?
Is the information in close PROXIMINTY to the claim it qualifies?
Is the notice PRETTY?
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True
False
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True
False
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True
False
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It causes substantial injury
It is not outweighed by the benefits
It hurts someone's feelings
It is not reasonably avoidable
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True
False
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All representations are factually based
All materials describe clearly, prominently and accurately terms of product
All materials are eye-catching
Disclosure of fees, penalties, other charges
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