Welcome to the Knowledge Mouse Online Quiz
HMDA vs CRA vs CD
| Questions |
Answers |
| ABC, Inc. wants to payoff exisiting debt on a residential rental property deeded in the names of guarantors John and Susie Smith. |
Neither |
| I.C. Problems LTD wants to purchase a twenty unit apartment complex. |
HMDA Reportable |
| Joe and Mary purchased a residental investment property and renovated it. They want to reimburse themselves for the cost of purchase and renovation and pay down a LOC secured by another residential investment property they own. |
Neither |
| Farmer Frank wants to purchase a tractor secured by his livestock. |
CRA Reportable |
| Farmer Frank wants to purchase a residental investment property secured by his farm |
CRA Reportable |
| Theme, P.C. wants to develope a center for children of low income families in the neigborhood of 16th Harrisburg to offer after school activities and learning. The center will cost one-million to build and will be secured by the property. |
Community Development |
| Happy Camper, Inc want to purchase a mobile home park for $900,000 in a low income census-tract. They will not own any of the mobile homes. |
HMDA Reportable |
