Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - RESPA's primary focus is to prohibit kickbacks and unearned referral fees between settlement service providers. - TILA, through Regulation Z, requires the disclosure of the true cost of credit, centered around the Annual Percentage Rate (APR). - Advertising specific credit terms, known as "trigger terms," legally requires the full disclosure of other loan terms, including the APR, under TILA. - ECOA provides broad protections against discrimination in lending based on race, color, religion, sex, marital status, age, or receipt of public assistance. - Exam questions frequently test the ability to differentiate these laws by presenting scenarios involving illegal payments (RESPA), misleading advertising (TILA), or discriminatory actions (ECOA). For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep