Across
- 2. Document that summarizes a consumer’s financial history including number of credit cards, payments to credit cards, and number of late payments (if any)
- 4. Legal proceeding for a person or business unable to pay an outstanding debt
- 7. Law that states that a consumer’s credit application can only be judged on the basis on financial responsibility not the applicant’s gender, race, marital status, age, national origin, or receipt of public assistance
- 9. The current market value of a home minus the remaining mortgage balance
- 12. Requires the debtor to liquidate (sale) nonexempt property to repay creditors
- 14. Requires creditors to disclose the conditions, rates, and terms of home equity loan plans
- 19. A contractual agreement in which one party receives something of value now and agrees to pay the lender in the future
- 20. disability income insurance provides monthly benefits to a disabled wage earner to reimburse the wage earner’s income during a period of total or partial disability.
- 22. Provides consumers against unauthorized electronic fund transactions including debit and credit card purchases, ATM withdrawals, and automatic bank account withdrawals
- 23. Person or business providing credit
- 24. Act: Provides consumers with a means to dispute a billing error on open-ended credit accounts (credit and charge cards)
- 25. notice by the insured to the insurance company that a loss has occurred and demand for payment for the loss
- 26. Form of bankruptcy that allows businesses to create a plan to “reorganize” and pay off their debts over time
- 27. Form of bankruptcy that allows family farmers and fishing business owners to recover from debt
Down
- 1. Created to maintain the public’s confidence in banks and encourage stable banking practices
- 3. one for whom insurance is written (named insured)
- 5. Person or business that receives the credit
- 6. An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual
- 8. Grants consumers’ personal financial records a reasonable amount of privacy from federal government searches
- 10. provision in an insurance policy eliminating coverage for certain risks or limiting coverage
- 11. Form of bankruptcy that allows an individual to submit a plan to repay debts in 3 to 5 years.
- 13. Coverage for losses to insured property resulting from fire or lighting, as well as any resulting smoke or water damage
- 15. covers your vehicle for damage caused by impact with another vehicle or object or overturn of your vehicle.
- 16. includes earthquakes, landslides, mudslides etc.
- 17. Amendments to the Truth-in-Lending law that include requirements for cosigners who applicants under 21 years of age
- 18. increased the government’s ability to combat bank fraud
- 21. The act of obtaining credit, assets, money, funds, or securities under the custody of a financial institution through false pretenses