Đạo đứcCâu 348 / 400
Which of the following best illustrates an 'unfair' act or practice under UDAAP?
a.Charging a clearly disclosed, competitive origination fee
b.Offering a lower rate to well-qualified borrowers
c.Causing substantial injury the consumer cannot reasonably avoid, not outweighed by benefits
d.Providing accurate loan estimates on time
Giải thích
An 'unfair' practice causes or is likely to cause substantial injury that consumers cannot reasonably avoid and that is not outweighed by countervailing benefits. Disclosed competitive fees, risk-based lower rates, and timely accurate estimates are legitimate practices, not unfair ones.
Trích dẫn luật: UDAAPLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- The type of information protected as nonpublic personal information (NPI) under GLBA includes:
- Two applicants with identical credit profiles apply on the same day; the lender charges the applicant of a different race a higher rate for no legitimate reason. This is the clearest example of:
- A loan officer notices the borrower's stated employer phone number connects to the borrower's own cell phone. The officer should:
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- An advertisement using imagery and language that signals a lender only welcomes applicants of a particular race or religion may violate fair-lending law because it:
- Which practice would MOST clearly be considered predatory rather than merely aggressive?
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