10 compliance questions every broker should be able to answer
10 compliance questions every broker should be able to answer
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Finance brokers are required to comply with various legislation and regulations which govern corporate, broker and lending activities. This questionnaire is designed to test finance brokers on their understanding and compliance with key legislation.
By continuing to use the Playbuzz Platform, you agree to the use of cookies. You can change this and find out more in our Cookie Policy.
Finance brokers are required to comply with various legislation and regulations which govern corporate, broker and lending activities. This questionnaire is designed to test finance brokers on their understanding and compliance with key legislation.
A broker who engages in credit assistance with a consumer to apply for credit that is regulated under the NCCP Act must give to each borrower a credit guide on or before providing credit assistance. True or False?
Which of the following is a breach of the Privacy Act?
Which of the following, when used in advertising, is the least likely to mislead?
Currently, mortgage brokers must be licensed or appointed in which states or territories?
Provided that a loan is made to a natural person, the NCCP Act applies when … of the borrowed funds are to be used for personal, domestic or household use?
Under the Privacy Act, organisations are not allowed to collect personal information about a customer from third parties. True or False?
What is the name of the principle (applied by the NCCP Act) which creates a regulatory approach built on consumer protection by not making an unsuitable loan?
Brokers who breach the Australian Consumer Law/ASIC Act can incur penalties. True or False?
Before entering a loan contract, the consumer’s loan serviceability…
What is the name of the AML/CTF Regulator?