You may attempt this quiz after you have completed the lessons attached to this course.
Successful completion (70%-100%) of this quiz will provide you with a Certificate of Completion for your Fair Lending Training.
Plan for 10 minutes to complete the quiz. If you exit the quiz before completing all questions, your answers will not be saved. You may re-take the test as needed.
Good luck!
Fair Lending Final Exam
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Question 1 of 10
1. Question
It would be unlawful discrimination if, on a prohibited basis, you: -
Question 2 of 10
2. Question
Violations of ECOA can result in what? -
Question 3 of 10
3. Question
When making a credit decision, a lender may NOT consider what? -
Question 4 of 10
4. Question
Which item can a lender consider when making a credit decision? -
Question 5 of 10
5. Question
What is the purpose of the Fair Housing Act?
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Question 6 of 10
6. Question
Violations to fair lending laws can result in civil penalties. True or False? -
Question 7 of 10
7. Question
Please select if a lender can or cannot discount or exclude from consideration part-time income, annuities, pension, or other retirement benefits. -
Question 8 of 10
8. Question
Under ECOA, it is unlawful for a lender to discriminate on a prohibited basis in any aspect of a credit transaction. True or False? -
Question 9 of 10
9. Question
A lender may not express a preference, either orally or in writing that is based on prohibited factors. True or False? -
Question 10 of 10
10. Question
What can be asked of applicants?