Q&A Hero

Question

a. APR k. liquid assets
b. cash value l. loan-to-value ratio
c. credit report m. redlining
d. credit scoring n. Regulation Z
e. equity o. right to rescission
f. exempt transactions p. settlement funds
g. Fair Credit Reporting Act q. subprime loans
h. Federal Consumer Credit Protection Act r. Truth-in-Lending Act
i. finance charge s. TILSRA
j. illiquid assets t. trigger term
1> federal regulations that implement the enforcement of the Truth-in-Lending Act
2> a report reflecting the creditworthiness of a borrower by showing past credit history
3> the market value of a property less the debt against it
4> refusal to make a real estate loan based solely on the location of the property
5> assets that may require months to sell and convert to cash
6> assets that are in cash or are readily convertible to cash in a few days
7> credit information used in advertising that requires additional credit disclosures
8> a federal law that requires certain disclosures when extending or advertising credit
9> the total amount the credit will cost over the life of the loan
10> the annual percentage rate as calculated under the federal Truth-in-Lending Act by combining the interest rate with other costs of the loan
11> federal law giving an individual the right to inspect his or her file with the credit bureau and correct any errors
12> Truth-in-Lending Simplification and Reform Act
13> popularly known as the Truth-in-Lending Act
14> transactions that are exempt from the lending disclosure requirement
15> the right that gives borrowers three days to back out after signing loan papers
16> funds that are presently in the borrower's checking or savings accounts or available from the sale of the borrower's present property
17> the amount of money the policyholder would receive if the policy was surrendered to the insurance company
18> the ratio of the amount of the loan to the appraised value of the property
19> scoring system applied to a list of subjective factors that are relative in evaluating credit risks
20> loans that have risk-based pricing and are typically categorized from "A" to "F"