5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
NCCO Exam 3 Questions with 100% Correct
Answers | Verified || ACTUAL EXAM 2026 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
Save Groups
Terms in this set (50)
If a credit union is advertising a a. True, and if the promotional rate is at the
promotional APR on an open-end opening of a new account the credit union must
credit product, the credit union must use the term "introductory" or "intro" immediately in
also include information about when front of the promotional APR.
the promotional rate ends and the
APR that will apply after the end of
the promotional period.
a. True, and if the promotional rate is
at the opening of a new account the
credit union must use the term
"introductory" or "intro" immediately
in front of the promotional APR.
b. True, but this requirement only
applies to home equity lines of credit
(HELOCs).
c. False, this requirement only applies
if the credit union uses the term
"fixed" in the advertisement.
d. False, the credit union only needs
to include this information on
internet advertisements.
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 1/37
,5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
Lenders are required to provide a e. All of the above
homeownership counseling
disclosure, listing ten HUD approved
counseling organizations in order of
proximity to the borrower's current
zip code, to applicants for which of
the following types of federally-
related mortgage loans? Choose the
best answer.
a. Purchase-money mortgages
b. Refinances
c. Closed-end home equity loans
d. Home equity lines of credit
(HELOCs)
e. All of the above
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 2/37
,5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
A member applied for a $3000 c. May send the member an adverse action notice
personal line of credit. The credit combined with the counteroffer, and if the member
union wants to counteroffer the does not accept or does not respond to the
member with a $1500 line of credit. counteroffer, the credit union does not need to
To meet its Regulation B notification send another adverse action notice.
requirements, the credit union:
a. Must send the member an adverse
action notice, which cannot be
combined with the counteroffer.
b. May send the member an adverse
action notice combined with the
counteroffer, but if the member does
not accept or does not respond to
the counteroffer, the credit union
must send another adverse action
notice.
c. May send the member an adverse
action notice combined with the
counteroffer, and if the member
does not accept or does not
respond to the counteroffer, the
credit union does not need to send
another adverse action notice.
d. Must send the member an adverse
action notice with all counteroffers.
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 3/37
, 5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
A member has submitted a direct c. The credit union must complete its investigation
dispute to the credit union regarding of the dispute within 30 days, report the results of
her performance on a credit card the investigation to the member and notify
account. Which of the following consumer reporting agencies if the investigation
accurately describes the credit reveals information reported was inaccurate.
union's obligations?
a. The credit union does not have any
obligations regarding the direct
dispute because disputes relating to
a member's performance on an
account are not covered by the rule.
b. The credit union must complete its
investigation of the dispute within 10
days and rep01t the result's of the
investigation to the member.
c. The credit union must complete its
investigation of the dispute within 30
days, report the results of the
investigation to the member and
notify consumer repotting agencies
if the investigation reveals
information reported was inaccurate.
d. The credit union must complete its
investigation of the dispute within 30
days and report the results of the
investigation to the member. Notice
to the consumer reporting agencies
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 4/37
NCCO Exam 3 Questions with 100% Correct
Answers | Verified || ACTUAL EXAM 2026 TEST!!
Graded A+ | 2025|2026 EXAM UPDATE
Save Groups
Terms in this set (50)
If a credit union is advertising a a. True, and if the promotional rate is at the
promotional APR on an open-end opening of a new account the credit union must
credit product, the credit union must use the term "introductory" or "intro" immediately in
also include information about when front of the promotional APR.
the promotional rate ends and the
APR that will apply after the end of
the promotional period.
a. True, and if the promotional rate is
at the opening of a new account the
credit union must use the term
"introductory" or "intro" immediately
in front of the promotional APR.
b. True, but this requirement only
applies to home equity lines of credit
(HELOCs).
c. False, this requirement only applies
if the credit union uses the term
"fixed" in the advertisement.
d. False, the credit union only needs
to include this information on
internet advertisements.
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 1/37
,5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
Lenders are required to provide a e. All of the above
homeownership counseling
disclosure, listing ten HUD approved
counseling organizations in order of
proximity to the borrower's current
zip code, to applicants for which of
the following types of federally-
related mortgage loans? Choose the
best answer.
a. Purchase-money mortgages
b. Refinances
c. Closed-end home equity loans
d. Home equity lines of credit
(HELOCs)
e. All of the above
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 2/37
,5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
A member applied for a $3000 c. May send the member an adverse action notice
personal line of credit. The credit combined with the counteroffer, and if the member
union wants to counteroffer the does not accept or does not respond to the
member with a $1500 line of credit. counteroffer, the credit union does not need to
To meet its Regulation B notification send another adverse action notice.
requirements, the credit union:
a. Must send the member an adverse
action notice, which cannot be
combined with the counteroffer.
b. May send the member an adverse
action notice combined with the
counteroffer, but if the member does
not accept or does not respond to
the counteroffer, the credit union
must send another adverse action
notice.
c. May send the member an adverse
action notice combined with the
counteroffer, and if the member
does not accept or does not
respond to the counteroffer, the
credit union does not need to send
another adverse action notice.
d. Must send the member an adverse
action notice with all counteroffers.
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 3/37
, 5/5/26, 12:36 PM NCCO Exam 3 Questions with 100% Correct Answers | Verified || ACTUAL EXAM 2026 TEST!! Graded A+ | 2025|2026 EXAM UPD…
A member has submitted a direct c. The credit union must complete its investigation
dispute to the credit union regarding of the dispute within 30 days, report the results of
her performance on a credit card the investigation to the member and notify
account. Which of the following consumer reporting agencies if the investigation
accurately describes the credit reveals information reported was inaccurate.
union's obligations?
a. The credit union does not have any
obligations regarding the direct
dispute because disputes relating to
a member's performance on an
account are not covered by the rule.
b. The credit union must complete its
investigation of the dispute within 10
days and rep01t the result's of the
investigation to the member.
c. The credit union must complete its
investigation of the dispute within 30
days, report the results of the
investigation to the member and
notify consumer repotting agencies
if the investigation reveals
information reported was inaccurate.
d. The credit union must complete its
investigation of the dispute within 30
days and report the results of the
investigation to the member. Notice
to the consumer reporting agencies
https://quizlet.com/1176663934/ncco-exam-3-questions-with-100-correct-answers-verified-actual-exam-2026-test-graded-a-20252026-exam-update-fl… 4/37
