The Community Reinvestment Act and the Home Mortgage Disclosure Act

question 71

Multiple Choice

The Community Reinvestment Act and the Home Mortgage Disclosure Act were both passed to provide incentives to comply with

• A)entry regulation.
• B)credit allocation regulation.
• C)consumer protection regulation.
• D)safety and soundness regulation.
• E)investor protection regulation.

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Definitions:

Damages

Monetary compensation that is awarded to a person as a remedy for harm or injury they have suffered due to another's actions.

Interface

A point where two systems, subjects, organizations, etc., meet and interact.

Fraudulently

Acting with intent to deceive or cheat, often for personal gain or to fulfill some unlawful purpose.

Laser Printer

A type of printer that uses a laser and toner to create high-quality text and graphics on paper.