NCCO EXAM 3 QUESTIONS WITH DETAILED /

NCCO EXAM 3 QUESTIONS WITH DETAILED ANSWERS ( ANSWERS) /
Question :What types of credit products are covered under
Regulation Z?
Correct answer:Loans secured by real property,
loans secured by personal property used as a member's
principal dwelling or,
Private education loans.
Question :What types of credit products are not covered under
Regulation Z?
Correct answer:Business loans, for commercial or agricultural
purposes
Loan to non-natural persons
Credit over $69,500 (limit is adjusted annually)

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