EstatePass
Financing

Financing Practice Question

The Dodd-Frank Wall Street Reform Act created which agency to oversee consumer financial products?
A
Federal Reserve
B
Consumer Financial Protection Bureau (CFPB)
C
Securities and Exchange Commission
D
Federal Housing Administration
Explanation

The Dodd-Frank Act of 2010 created the Consumer Financial Protection Bureau (CFPB) to protect consumers in the financial sector. The CFPB has authority over mortgages, credit cards, and other consumer financial products.

More Financing Questions

Private Mortgage Insurance (PMI) is typically required when:

An adjustable-rate mortgage (ARM) has:

Points paid at closing are:

Which government agency insures FHA loans?

In Florida, a satisfaction of mortgage must be recorded within:

All Topics

Practice More Questions

Access 2,000+ practice questions and pass your real estate exam.

Get Started Free