Luật vay thế chấp liên bangCâu 18 / 400
The Home Ownership and Equity Protection Act (HOEPA) primarily provides additional protections for borrowers obtaining:
a.All conventional conforming loans
b.High-cost mortgage loans that exceed certain APR, points-and-fees, or prepayment thresholds
c.Only reverse mortgages
d.Loans on commercial office buildings
Giải thích
HOEPA imposes extra disclosures and restrictions on high-cost mortgages that exceed defined thresholds for APR, points and fees, or prepayment penalties. Conforming loans that stay under those thresholds are not high-cost. HOEPA is not limited to reverse mortgages, and it applies to consumer residential loans, not commercial buildings.
Trích dẫn luật: HOEPALuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Which of the following loans is generally EXEMPT from RESPA coverage?
- After a borrower submits a written qualified written request (QWR) about a servicing error, RESPA requires the servicer to acknowledge receipt within how many business days?
- Under Regulation Z, if an advertisement for a mortgage states a specific interest rate (a triggering rate) or trigger term, it must also disclose:
- For purposes of TRID's 'application' definition that triggers the Loan Estimate, an application is considered received when the lender obtains which six pieces of information?
- Under TRID tolerance rules, which category of charges generally may NOT increase at all from the Loan Estimate to the Closing Disclosure (a zero-tolerance category)?
- A loan originator wants to make telemarketing calls to generate mortgage leads. Under the federal Telemarketing/Do-Not-Call rules, a number registered on the National Do-Not-Call Registry generally may still be called if:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra