from the credit card company. Which credit law could this
omission violate?
-Fair Credit Billing Act
-Fair Credit Reporting Act
-Fair Housing Act
-Fair and Accurate Credit Transactions Act
Fair Credit Billing Act
,A client earns a salary of $45,000 at a job held for three
years. The client has credit card bills, student loans, and a
car loan totaling $500 per month. The client has already
saved $3,500 for a down payment and is using an FHA
Energy Efficient Mortgage (EEM).
If the client wants to make the minimum down payment for
a home priced at $150,000, how much more does the
client need to save?
-$1,750
-$2,250
,-$4,500
-$5,250
$1,750
, A client has a monthly household income of $2,300,
monthly debt payments of $450, and an optimal monthly
housing ratio of 32%. What is the client's optimal monthly
housing payment?
-$592
-$736
-$880
-$1,186
$736