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ECOA requires a notice of action taken and FCRA requires an adverse summary within 30 days of denying a completed application.
Regualtion B is ECOA
ECOA rhymes with BOA
Just replace the EC with B and you will remember that ECOA is Reg B.
Regulation C is HMDA
HMDA sounds like Home.
C sounds like See.
Picture your future house, can you see your Home?
Can you C your HMDA?
HMDA is Reg C
Regulation X is RESPA
Just think of REXPA and you will remember RESPA is Reg X
Regualtion Z is TILA.
Picture a Zebra when you think of Reg Z.
Picture TILA as the Zebra's "TAIL".
Reg Z for Zebra, TILA for Tail. Zebra Tail.
TILA is Reg Z.
FCRA - The Fair Credit Reporting Act
This Federal Law deals with regulations relating to companies that collect and share clients credit information.
Author
RayBeltran
ID
149085
Card Set
Mortgage Facts
Description
Facts regarding the Mortgage industry.
Updated
2012-04-21T20:17:41Z
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