Module 6: Hawaii Pre-Licensing Exam
1) Under Federal Truth-in-Lending Laws, which of the following are not included in the statement of the
annual percentage rate?
A) Loan Fees
B) Service fees
C) Points
D) Attorney
...
Module 6: Hawaii Pre-Licensing Exam
1) Under Federal Truth-in-Lending Laws, which of the following are not included in the statement of the
annual percentage rate?
A) Loan Fees
B) Service fees
C) Points
D) Attorney's fees - ANS - D) Attorney's fees
Attorney's fees are not included to calculate the APR but it is shown as a budget item on the Good Faith
Estimate.
The Truth-in-Lending Law is part of the Consumer Protection Act.
A) True
B) False - ANS - A) True
The Good Funds Act was designed to aid which of the following?
A) Property management companies
B) Escrow and title companies
C) Mortgage brokers
D) Real Estate attorneys and brokers - ANS - B) Escrow and title companies
The Good Funds Act requires all checks to clear the banks before the transaction can be recorded.
House on the Hill advertisement violated which laws when it stated "no down payment at 102 Hill
Street"?
A) Regulation Z
B) RESPA
C) TILSRA
D) FHA/VA - ANS - A) Regulation Z
Regulation Z requires more disclosures when certain terms are used in the ads.
Under Regulation Z of the Truth-in-Lending Act, which of the following items may be individually
expressed in a newspaper ad without requiring a complete disclosure of the other required items?
A) The amount of the down payment
B) The monthly percentage rate
C) The number of payments
D) The annual percentage rate - ANS - D) The annual percentage rate
Truth-in-Lending (Regulation Z):
A) Regulates the amount of closing costs lenders can charge
B) Discloses out-of-state sellers
C) Discloses APR, finance charges, amount financed, and total payments
D) Regulates the interest rate that lenders can charge - ANS - C) Discloses APR, finance charges,
amount financed, and total payments
Under the Residential Landlord Tenant Code, an eviction would be considered to be retaliatory if the
tenant was evicted for:
A) Using the premises for illegal purposes
B) Complaining of health hazards to the Building Department
C) Damaging the premises
D) Failing to pay rent - ANS - B) Complaining of health hazards to the Building Department
In the Landlord Tenant Code, all claims for security deposits have to be settled in small claims court.
A) True
B) False - ANS - A) True
The amount of deposit under the Landlord Tenant Code w
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