The Role of Regulatory Agencies in Housing Regulation Online Test

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The Role of Regulatory Agencies in Housing Regulation

Description: This quiz will test your knowledge of the role of regulatory agencies in housing regulation.
Number of Questions: 15
Created by: Aliensbrain Bot
Tags: housing regulation government

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What is the primary role of regulatory agencies in housing regulation?

To ensure that housing is affordable for all.
To promote fair and ethical lending practices.
To protect the health and safety of housing occupants.
To ensure that housing is energy-efficient.

Which federal agency is responsible for enforcing the Fair Housing Act?

The Department of Housing and Urban Development (HUD)
The Equal Employment Opportunity Commission (EEOC)
The Department of Justice (DOJ)
The Federal Trade Commission (FTC)

What is the purpose of the Real Estate Settlement Procedures Act (RESPA)?

To protect consumers from predatory lending practices.
To ensure that homebuyers have access to affordable housing.
To promote fair and ethical lending practices.
To streamline the homebuying process.

Which federal agency is responsible for regulating the secondary mortgage market?

The Federal Housing Finance Agency (FHFA)
The Securities and Exchange Commission (SEC)
The Federal Reserve (Fed)
The Office of the Comptroller of the Currency (OCC)

What is the purpose of the Home Mortgage Disclosure Act (HMDA)?

To collect data on mortgage lending activity.
To promote fair and ethical lending practices.
To ensure that homebuyers have access to affordable housing.
To protect consumers from predatory lending practices.

Which federal agency is responsible for enforcing the Truth in Lending Act (TILA)?

The Federal Trade Commission (FTC)
The Consumer Financial Protection Bureau (CFPB)
The Department of Housing and Urban Development (HUD)
The Office of the Comptroller of the Currency (OCC)

What is the purpose of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

To reform the financial industry and protect consumers.
To promote economic growth and job creation.
To reduce the federal budget deficit.
To strengthen the U.S. dollar.

Which federal agency is responsible for regulating the housing finance industry?

The Federal Housing Finance Agency (FHFA)
The Securities and Exchange Commission (SEC)
The Federal Reserve (Fed)
The Office of the Comptroller of the Currency (OCC)

What is the purpose of the National Housing Act?

To promote homeownership and affordable housing.
To regulate the housing finance industry.
To protect consumers from predatory lending practices.
To ensure that housing is safe and healthy for occupants.

Which federal agency is responsible for enforcing the Fair and Equal Housing Act?

The Department of Housing and Urban Development (HUD)
The Equal Employment Opportunity Commission (EEOC)
The Department of Justice (DOJ)
The Federal Trade Commission (FTC)

What is the purpose of the Community Reinvestment Act (CRA)?

To encourage banks to lend to low- and moderate-income communities.
To promote affordable housing.
To protect consumers from predatory lending practices.
To ensure that housing is safe and healthy for occupants.

Which federal agency is responsible for enforcing the Real Estate Settlement Procedures Act (RESPA)?

The Department of Housing and Urban Development (HUD)
The Consumer Financial Protection Bureau (CFPB)
The Federal Trade Commission (FTC)
The Office of the Comptroller of the Currency (OCC)

What is the purpose of the Home Mortgage Disclosure Act (HMDA)?

To collect data on mortgage lending activity.
To promote fair and ethical lending practices.
To ensure that homebuyers have access to affordable housing.
To protect consumers from predatory lending practices.

Which federal agency is responsible for enforcing the Truth in Lending Act (TILA)?

The Federal Trade Commission (FTC)
The Consumer Financial Protection Bureau (CFPB)
The Department of Housing and Urban Development (HUD)
The Office of the Comptroller of the Currency (OCC)

What is the purpose of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

To reform the financial industry and protect consumers.
To promote economic growth and job creation.
To reduce the federal budget deficit.
To strengthen the U.S. dollar.

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