Which of the Following Items Is Not Required to Be

question 31

Multiple Choice

Which of the following items is not required to be disclosed by a creditor as a part of the statement given a debtor?

• A) service, activity, carrying and transaction charges
• B) loan fees and points
• C) fees for credit reports and appraisals in non-real estate transactions
• D) charges for credit life and credit accident and health insurance
• E) all of the other choices are required to be disclosed

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Definitions:

Hippocampus

A major component of the brain involved in memory formation and spatial navigation, located in the medial temporal lobe.

Memory Function

The processes involved in encoding, storing, and retrieving information.

Hindsight Bias

The tendency to believe, after an event has occurred, that one would have foreseen or predicted the outcome.

Egocentric

Having or regarding the self or the individual as the center of all things.