Loan Operations Vocab
Fast practice, instant feedback. Timer auto-submits when time’s up.
Avg score: 70% • Most missed: “____ of the Uniform Commercial Code governs most loans secured by personal prope…”
Loan Operations Vocab
Time left 00:00
25 Questions

1. The C of credit called ______ addresses the kind of person the applicant is and what his or her primary behavior patterns are.

2. A credit history that shows a lot of recent activity and increased debt could indicate that the applicant has _____ debt.

3. The difference between gross loss and net loss is the amount recovered from consumers after the loans have been _____ __.

4. Compare to other direct loan products - marketing efforts for open-end loans can reach a ______ market area

5. Current quotes from a broker or newspaper - such as the Wall Street Journal - are a good source for verifying the value of _____ and ____.

6. The first objective of the loan application process

7. A lender making a secured loan covered by the UCC first needs to create a valid ______ on the property that is to serve as collateral.

8. A database containing detailed info about consumers and prospects that is used for marketing purposes is the ______

9. For ____ programs - the bank identifies minimum acceptable credit requirements and ha potential applicants evaluated against those requirements.

10. _____ are the largest providers of consumer credit information to the banking industry

11. Bank ______ __ ______ apply to the total lending relationship with a borrowerm not just a single loan

12. ___ is the forced sale of real estate to satisfy a debt

13. The ________ function in the loan operations department ensures insurance documentation is obtained.

14. _____ is the most common method of computing the interest earned on a consumer loan

15. The act that lists the type of disclosures that lenders must make in advertising programs and when a loan application is taken.

16. Characteristics that may indicate a problem on an application are called __ ___

17. Fling a financing statement with the appropriate legal authority is one way to _____ a lien

18. Credit info on judgments - bankruptcies - and liens recorded is usually obtained from ___ records

19. _______ ______ contracts and ______ ______ agreements incur risk - because if the event stipulate in the contract occurs - the bank must pay off the loan or assume the payments.

20. The interest income on a closed-end consumer loan _____ as the term extends

21. To recuce interest-rate risk - many banks try to maintain a portfolio of ______ loans

22. ____ of the Uniform Commercial Code governs most loans secured by personal property.

23. To attain the objective of ______ and ____ document preparation - most banks use automated systems

24. Coverae under the Servicemembers Civil Relief Act starts on the date the servicemember recieves _____ ______

25. According to the Truth in Lending Act - the ______ ___ is the interest plus any other charges deemed by the act to be part of the cost of credit.

⚡ Recently practiced quizzes in this topic
Live quiz activity
Hazardous Waste Management Practice Test: Groundwater Contamination & Injection Well Disposal Pollution Control Practice Test: Wastewater Sampling, Analysis & Treatment Pollution Control Practice Test: Sources and Effects of Air Pollution Pollution Control Practice Test: Human Impact on the Environment Pollution Control Practice Test: Air Pollution Control Methods and Equipment Pollution Control Practice Test: Solid and Industrial Waste Management Hazardous Waste Management Practice Test: Site Remediation, Process Selection and Facility Siting Hazardous Waste Management Practice Test: Landmark Episodes in Pollution Control / Hazardous Waste Management Hazardous Waste Management Practice Test: Regulation of E-waste Pollution Control Practice Test: Control of Specific Gaseous Pollutants
 
❤ If you liked Fatskills, consider supporting us by checking out The Life Manuals You Never Got.

🌈  Our mission is to help improve your scores in any subject and exam withonline quizzes, practice tests, study guides, & advice for students. Since 2018.
About | Explore | User Guide | Topics | Subjects | Doubt Solver | Career Aptitude Test | Answers | Free Tools | What Should We Know?
Privacy | Terms |
Without work one finishes nothing. - Ralph Waldo Emerson
© 2026 Fatskills.com

All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks and brands does not imply endorsement.