TRID
Service
Wild Card
What do ya know?
The Law
100
The Act that required the CFPB to integrate the disclosures.
What is TILA.
100
The Mortgage Servicing Rules address the servicing of mortgage loans, and are implemented in both Regulation X and Regulation ____.
What is Z.
100
A property that is bought and resold in a very short period of time.
What is property flipping.
100
If a creditor sells or transfers a loan, they must provide a copy of the _______ to the new loan servicer.
What is the Closing Disclosure.
100
MLOs are asked to maintain procedures for a consumer identification program, what regulation are you complying with?
What is the Patriot Act.
200
TILA is also referred to as Regulation ___.
What is Z.
200
The latest HMDA data shows that blacks and Hispanics were turned down for home loans last year at nearly ______ times the rate of white borrowers
What is 3.
200
GLBA stands for this.
What is Graham Leach Bliley Act.
200
Creditors are permitted to issue revised ________ only in certain situations such as when changed circumstances result in increased charges.
What is Loan Estimate.
200
A borrower does not receive a copy of the right to rescind on a primary residence refinance transaction. They may rescind for up to ___ years.
What is 3.
300
Regulation X is also known as this Act.
What RESPA.
300
32013 HMDA data showed that ________ disproportionately receive government loans.
What are minorities.
300
FHA does not make loans, but they ____ loans made by private investors.
What is insure.
300
Under which law are MSAs permitted?
What is RESPA.
300
HPML regulations fall under which Act.
What is TILA.
400
The GFE and initial TIL have been combined into this disclosure as of October 3, 2015.
What is the Loan Estimate.
400
2013 HMDA data showed that _____ percent of high-income borrowers got a FHA loan.
What is 25.
400
LIBOR stand for this.
What is London Interbank Offered Rate.
400
Often, payments to rent office space are disguised ___________, which violates the law.
What are referral fees.
400
The law that ensures all consumers are given equal chance free from discrimination to obtain credit.
What is ECOA/Reg B.
500
The HUD-1 and final TIL disclosure have been combined into this disclosure.
What is the Closing Disclosure.
500
Overall, lending in 2013 fell by _____ percent to 8.7 million loans.
What is 11.
500
This Act is also referred to as Regulation C.
What is Home Mortgage Disclosure Act.
500
In 2008, Fannie and Freddie were placed into a conservatorship run by this federal agency.
Who is FHFA.
500
The purpose of this Act is to inform an applicant of the direct and indirect costs, terms and conditions involved in obtaining credit.
What is TILA/Reg Z
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