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Questions and Answers
To find out if a building or autonomous fraction has a registered matriculation number in the Property Register or if its registration has been requested by the owner, what information do we need?
To find out if a building or autonomous fraction has a registered matriculation number in the Property Register or if its registration has been requested by the owner, what information do we need?
- Land Registry
- Finance Department (correct)
- Municipal Council
- Portal Citius
Which of the following statements about interest rates on loans is true?
Which of the following statements about interest rates on loans is true?
- In loans contracted at a fixed interest rate, it must always remain for the entire term of the loan.
- In loans contracted at a variable interest rate, it must be reviewed every 6 months.
- In loans contracted at a variable interest rate, it is always indexed to Euribor at 6 or 12 months.
- In loans contracted at a fixed interest rate, sometimes credit institutions take Swap rates as a reference, adding a spread to it. (correct)
Credit agreements that, while not corresponding to a mortgage, are secured by a mortgage on property, are subject to the rules of mortgage credit.
Credit agreements that, while not corresponding to a mortgage, are secured by a mortgage on property, are subject to the rules of mortgage credit.
True (A)
Municipal Councils are responsible for licensing for construction, works and also for housing or utilising housing units or urban buildings. This process should be requested:
Municipal Councils are responsible for licensing for construction, works and also for housing or utilising housing units or urban buildings. This process should be requested:
When buying a property, where do you find information about the property being free of rights of preference, such as heirs or tenants?
When buying a property, where do you find information about the property being free of rights of preference, such as heirs or tenants?
In the process of execution, which of the following statements is correct?
In the process of execution, which of the following statements is correct?
Which of the following statements about mortgage loan amortization systems is true?
Which of the following statements about mortgage loan amortization systems is true?
A loan application for a mortgage to buy a house, that needs works, was submitted to the financial institution with a one-year grace period. What is the appropriate procedure?
A loan application for a mortgage to buy a house, that needs works, was submitted to the financial institution with a one-year grace period. What is the appropriate procedure?
Which of the following types of credit is not included in consumer credit?
Which of the following types of credit is not included in consumer credit?
Which of the following statements is one of the characteristics of real estate leasing?
Which of the following statements is one of the characteristics of real estate leasing?
When it comes to a line of credit secured by a mortgage, the lender:
When it comes to a line of credit secured by a mortgage, the lender:
If a customer does not agree with the value of the real estate appraisal that will be mortgaged as collateral for a mortgage loan, can they request a second appraisal?
If a customer does not agree with the value of the real estate appraisal that will be mortgaged as collateral for a mortgage loan, can they request a second appraisal?
In mortgage lending, what is the lender prohibited from charging, with regard to the analysis of renegotiation of loan conditions?
In mortgage lending, what is the lender prohibited from charging, with regard to the analysis of renegotiation of loan conditions?
How long does a financial institution have to analyze a client's loan renegotiation proposal, if the contract is incorporated into PERSI?
How long does a financial institution have to analyze a client's loan renegotiation proposal, if the contract is incorporated into PERSI?
Essential elements for proving the income and expenses of the household, and a factor to consider in assessing the solvency of the applicants and calculating their debt burden, are:
Essential elements for proving the income and expenses of the household, and a factor to consider in assessing the solvency of the applicants and calculating their debt burden, are:
A potential buyer of real estate who wants to know if the owner is indeed who they claim to be, should go to:
A potential buyer of real estate who wants to know if the owner is indeed who they claim to be, should go to:
According to the current legislation, only credit institutions can charge a fee, based on non-compliance, for:
According to the current legislation, only credit institutions can charge a fee, based on non-compliance, for:
When a consumer borrows money in a foreign currency and does not choose any financial instrument for hedging currency risk, the lender should periodically notify the borrower, in a foreign currency, about:
When a consumer borrows money in a foreign currency and does not choose any financial instrument for hedging currency risk, the lender should periodically notify the borrower, in a foreign currency, about:
Loan agreements that, although not being mortgage loans, are secured by a mortgage over real estate are subject to the rules of mortgage credit.
Loan agreements that, although not being mortgage loans, are secured by a mortgage over real estate are subject to the rules of mortgage credit.
Which payment system involves the borrower paying increasing installments that eventually settle into a fixed amount?
Which payment system involves the borrower paying increasing installments that eventually settle into a fixed amount?
For the payment of the insurance associated with the loan, the financial entity debited the borrower's bank account, resulting in a negative balance, without any overdraft facility associated with the account. To recover this amount, the financial entity can file:
For the payment of the insurance associated with the loan, the financial entity debited the borrower's bank account, resulting in a negative balance, without any overdraft facility associated with the account. To recover this amount, the financial entity can file:
The Annual Effective Global Rate (AEGR) is subject to maximum limits applicable to consumer loan contracts. These limits are:
The Annual Effective Global Rate (AEGR) is subject to maximum limits applicable to consumer loan contracts. These limits are:
Which type of agreement is excluded from mortgage lending?
Which type of agreement is excluded from mortgage lending?
Which type of repayment refers to the following statement: "During an initial period, the borrower does not amortize principal and only pays interest."
Which type of repayment refers to the following statement: "During an initial period, the borrower does not amortize principal and only pays interest."
If it is concluded that there is a risk that the borrower may default on a loan, the credit institution should:
If it is concluded that there is a risk that the borrower may default on a loan, the credit institution should:
When it comes to a line of credit secured by a mortgage, the lender:
When it comes to a line of credit secured by a mortgage, the lender:
A borrower can enter into a loan agreement with a credit institution that includes an initial period where there is no amortization of capital, but only interest payments. This repayment methodology is called:
A borrower can enter into a loan agreement with a credit institution that includes an initial period where there is no amortization of capital, but only interest payments. This repayment methodology is called:
The Central Credit Register contains information on the actual and potential credit liabilities taken on solely by individual clients.
The Central Credit Register contains information on the actual and potential credit liabilities taken on solely by individual clients.
The formula: Co = Cn (1 + i) directly calculates:
The formula: Co = Cn (1 + i) directly calculates:
Which of the following statements about a guarantee is correct?
Which of the following statements about a guarantee is correct?
Under what conditions can a customer make an extraordinary and early principal repayment, or in other words, an early partial repayment?
Under what conditions can a customer make an extraordinary and early principal repayment, or in other words, an early partial repayment?
What are the consequences for the financial institution or employee if some of the obligations under the general regime for preventing and resolving loan defaults are not fulfilled?
What are the consequences for the financial institution or employee if some of the obligations under the general regime for preventing and resolving loan defaults are not fulfilled?
Key elements for proving the income and expenses of the household, and a factor to consider in assessing the solvency of the applicants and calculating their debt burden, are:
Key elements for proving the income and expenses of the household, and a factor to consider in assessing the solvency of the applicants and calculating their debt burden, are:
If a customer, who had previously informed the lending institution that they had become unemployed, defaults on their loan, the bank will need to:
If a customer, who had previously informed the lending institution that they had become unemployed, defaults on their loan, the bank will need to:
In bridge loans for the purchase of land for the construction of permanent housing, which statement is true?
In bridge loans for the purchase of land for the construction of permanent housing, which statement is true?
Flashcards
Property Registration Number
Property Registration Number
A unique identifier for a building or self-contained unit in the Property Register.
Variable Interest Rate
Variable Interest Rate
Interest rates that adjust periodically, usually tied to an index like Euribor.
Fixed Interest Rate
Fixed Interest Rate
Interest rates that remain constant throughout the loan term.
Mortgage on Real Estate
Mortgage on Real Estate
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Municipal Council Licensing
Municipal Council Licensing
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Pre-emptive Rights
Pre-emptive Rights
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Enforcement Process
Enforcement Process
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Loan Amortization Systems
Loan Amortization Systems
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Loan Grace Period
Loan Grace Period
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Study Notes
IFB - Incorrect Answers
- Predial Register Inquiry: To determine if a building or autonomous fraction is registered in the Predial Register or has a registration request, inquire with the Land Registry.
- Interest Rate Types: Variable interest rates are reviewed every 6 months. Fixed interest rates sometimes use Swap rates plus a spread.
- Mortgage-Backed Loans: Loans secured by a mortgage on a property, but not for a house, adhere to mortgage loan rules.
- Municipal Licensing: Separate applications for individual units or all units in a property, but in exceptional cases, it can be for one unit.
- Real Estate Transactions Inquiry: Inquire with the Land Registry for information on rights of pre-emption (like heirs or tenants).
Additional Topics
- Mortgage-backed Credit Process: In an enforcement process, the court orders the seizure of the debtor's assets.
- Amortization Systems: Mixed amortization plans have rising payments until a constant level, whereas constant payments have stable principal payments throughout the loan period.
- Loan Assessment for Construction Loans: Loan assessment should be based on the borrower's ability to repay after the grace period.
- Financial Credit Options: Options like home loans, personal loans, and vehicle financing are excluded from being consumer loan options.
- Imobiliário Leasing: Lease payments are agreed upon by the parties, and monthly payments are common.
- Renegotiation Timeframe: A financial institution usually has 15 days to review a loan renegotiation offer.
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