Intro to Federal Law Flashcards
1
Q
What are the arms of the GLBA?
A
Safeguard Rule, Opt-Out Rule and Pretexting Rule
2
Q
Restricts public disclosure of nonpublic personal information (NPI)
A
GLBA (Gramm-Leach-Bliley Act)
3
Q
Loans NOT covered by RESPA
A
ABCTV (agriculture, business, commercial, temporary, vacant land)
4
Q
Under FACTA consumers have the right to one free credit report every ________ from the credit reporting agencies.
A
Year
5
Q
HOEPA (Homeownership & Equity Protection Act) is an amendment to_____
A
TILA (Truth in Lending Act)
6
Q
Purpose of HOEPA
A
Protect consumers from predatory lending practices associated with high cost loans
