HUD HOUSING COUNSELING CERTIFICATION
FINAL PAPER EXAM 2026 COMPLETE
QUESTIONS AND VERIFIED SOLUTIONS
◉ Housing and Community Development Act of 1974. Answer:
added gender (sex) to the protected classes
◉ Fair Housing Amendments Act of 1988. Answer: Added Disability
and familial status to protected classes.
◉ Real Estate Settlement and procedures Act RESPA. Answer:
Requires lenders and brokers to ensure that applicants understand
the terms and fees of the mortgage transaction that they are
considering
◉ Home Mortgage Disclosure Act (HMDA). Answer: Requires
financial institutions to maintain and annually disclose date about
home purchases, home purchase pre-approvals, home
improvements and refinance applications involving 1 to 4 unit and
multifamily dwellings
◉ Electronic Communications Privacy Act. Answer: Prohibits
persons from tampering with computers or accessing certain
computerized records without authorizations. The Act also prohibits
,providers of electronic communications services from disclosing the
contents of stored communications.
◉ Community Reinvestment Act CRA. Answer: A congressional act
that encourages mortgage originators to actively lend in their
communities and that requires financial institutions to evaluate the
"fairness" of their lending practices.
◉ Restricts the collection and use of information that would result in
housing discrimination on the basis of race, sex, religion, national
origin and a variety of other factors.. Answer: Fair Housing Act
◉ Prohibits discrimination by direct providers of housing, such as
landlords and real estate companies as well as other entities, such as
municipalities, banks of other lending institutions and homeowners
insurance companies whose discriminatory practices make housing
unavailable to persons because of: Race or Color, Religion,
Sex/Gender, National Origin, Familial Status, Disability... Answer:
Fair Housing Statute
◉ Opens up services and employment opportunities to the 43
million Americans with disabilities.. Answer: Americans with
Disabilities Act ADA
,◉ Protects consumers from abusive, unfair, and deceptive practices
by third-party debt collectors.. Answer: Fair Debt Collection
Practices Act FDCPA
◉ Prohibits credit discrimination on the basis of race, color, religion,
national origin, sex, marital status, age, or because you get public
assistance.. Answer: Equal Credit Opportunity act ECOA
◉ Restrictions collections of use of information that would result in
employment discrimination on the basis of race, sex, religion,
national origin and a variety of other characteristics.. Answer: Equal
Employment Opportunity Act EEOC
◉ Mandates that personal data be collected as much as possible
directly from the record subject.. Answer: Privacy Act
◉ Requires each of the nationwide consumer reporting companies:
Equifax, Experian, and Transunion to provide you with a free copy of
your credit report, at your request, one every 12 months. Answer:
The Fair and Accurate Credit Transactions Act FACTA
◉ Prevents identity theft, improve resolution of consumer disputes,
improve the accuracy of consumer records, make improvements in
the use of, and consumer access to, credit information, and for other
purposes.. Answer: The Fair Credit Billing Act FCBA
, ◉ Applies to "open end" credit accounts, such as credit cards, and
revolving charge accounts - such as department store accounts..
Answer: Fair Credit Reporting Act FCRA
◉ Prohibits opening of mail without a search warrant or the
addressee's consent. Answer: Mail Privacy Statute
◉ Amends the Truth in Lending Act (TILA) and establishes
requirements for certain loans with high rates and/or high fees.
Answer: Home Ownership and Equity Protection Act HOEPA
◉ All of the following would help a counselor develop a realistic
household budget, except:
- Payment information for a paid-off car
- Amount spent on groceries
- Rent payment information
- Monthly cable bill. Answer: Payment information for a paid-off car
◉ The following are good ways to decrease expenses except:
- Cancel car insurance
FINAL PAPER EXAM 2026 COMPLETE
QUESTIONS AND VERIFIED SOLUTIONS
◉ Housing and Community Development Act of 1974. Answer:
added gender (sex) to the protected classes
◉ Fair Housing Amendments Act of 1988. Answer: Added Disability
and familial status to protected classes.
◉ Real Estate Settlement and procedures Act RESPA. Answer:
Requires lenders and brokers to ensure that applicants understand
the terms and fees of the mortgage transaction that they are
considering
◉ Home Mortgage Disclosure Act (HMDA). Answer: Requires
financial institutions to maintain and annually disclose date about
home purchases, home purchase pre-approvals, home
improvements and refinance applications involving 1 to 4 unit and
multifamily dwellings
◉ Electronic Communications Privacy Act. Answer: Prohibits
persons from tampering with computers or accessing certain
computerized records without authorizations. The Act also prohibits
,providers of electronic communications services from disclosing the
contents of stored communications.
◉ Community Reinvestment Act CRA. Answer: A congressional act
that encourages mortgage originators to actively lend in their
communities and that requires financial institutions to evaluate the
"fairness" of their lending practices.
◉ Restricts the collection and use of information that would result in
housing discrimination on the basis of race, sex, religion, national
origin and a variety of other factors.. Answer: Fair Housing Act
◉ Prohibits discrimination by direct providers of housing, such as
landlords and real estate companies as well as other entities, such as
municipalities, banks of other lending institutions and homeowners
insurance companies whose discriminatory practices make housing
unavailable to persons because of: Race or Color, Religion,
Sex/Gender, National Origin, Familial Status, Disability... Answer:
Fair Housing Statute
◉ Opens up services and employment opportunities to the 43
million Americans with disabilities.. Answer: Americans with
Disabilities Act ADA
,◉ Protects consumers from abusive, unfair, and deceptive practices
by third-party debt collectors.. Answer: Fair Debt Collection
Practices Act FDCPA
◉ Prohibits credit discrimination on the basis of race, color, religion,
national origin, sex, marital status, age, or because you get public
assistance.. Answer: Equal Credit Opportunity act ECOA
◉ Restrictions collections of use of information that would result in
employment discrimination on the basis of race, sex, religion,
national origin and a variety of other characteristics.. Answer: Equal
Employment Opportunity Act EEOC
◉ Mandates that personal data be collected as much as possible
directly from the record subject.. Answer: Privacy Act
◉ Requires each of the nationwide consumer reporting companies:
Equifax, Experian, and Transunion to provide you with a free copy of
your credit report, at your request, one every 12 months. Answer:
The Fair and Accurate Credit Transactions Act FACTA
◉ Prevents identity theft, improve resolution of consumer disputes,
improve the accuracy of consumer records, make improvements in
the use of, and consumer access to, credit information, and for other
purposes.. Answer: The Fair Credit Billing Act FCBA
, ◉ Applies to "open end" credit accounts, such as credit cards, and
revolving charge accounts - such as department store accounts..
Answer: Fair Credit Reporting Act FCRA
◉ Prohibits opening of mail without a search warrant or the
addressee's consent. Answer: Mail Privacy Statute
◉ Amends the Truth in Lending Act (TILA) and establishes
requirements for certain loans with high rates and/or high fees.
Answer: Home Ownership and Equity Protection Act HOEPA
◉ All of the following would help a counselor develop a realistic
household budget, except:
- Payment information for a paid-off car
- Amount spent on groceries
- Rent payment information
- Monthly cable bill. Answer: Payment information for a paid-off car
◉ The following are good ways to decrease expenses except:
- Cancel car insurance
