Under the Illinois Predatory Lending Database Program, approved housing counselors must be certified by which entity?
Correct Answer
D) The U.S. Department of Housing and Urban Development (HUD)
Housing counselors who provide the mandatory counseling under the Predatory Lending Database Program must be approved by HUD. HUD-approved housing counseling agencies provide independent, nonprofit guidance to borrowers.
Why This Is the Correct Answer
Housing counselors who provide the mandatory counseling under the Predatory Lending Database Program must be approved by HUD. HUD-approved housing counseling agencies provide independent, nonprofit guidance to borrowers.
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