Pro Bono Boot Camp-Self Study

Now that you have participated in the Pro Bono training, in order to receive 1 hour of CFP CE Credit you will need to pass the Pro Bono Boot Camp-Self Study today, June 3, 2023. You will have one more chance to take the quiz if you fail. Good luck!

A Pro Bono planner:

A. Needs to understand all about low income benefits before they meet with the underserved

B. Can illustrate the importance of ethical and competent financial planning for all

C. Can work with community base organizations to better understand their clients

D. Both B & C

When doing pro bono outreach you can promote your services/practice to attendees.

A. Yes, you can promote your business

B. No but at the pro bono client’s request you may share your contact information or refer them to how they can find a planner, i.e. www.plannersearch.net; www.napfa.org; www.cfp.net

C. No, you can never hand out your contact information

Having more than $3,000 in assets may disqualify a client from Food Stamps or Medicaid.

A. Yes

B. No

C. Maybe

Good credit counseling will help clients with a budget and design a repayment plan:

A. with always using a percentage of the debts owed

B. with a discussion of several tactics to reduce debt with the client making the choice of tactic

C. with tactic to be chosen by credit counselor or planner

Debt collectors can contact debtors:

A. Before 8am or after 9pm.

B. 24 hours a day.

C. Between 8am and 9pm.

Pro Bono Financial Process includes:

A. Understanding pro bono clients current situation

B. Inquiring about their goals

C. Creating action steps & discuss accountability

D. Implementation and monitoring by planner

E. All of the above except “D”

F. All of the above

Techniques to track spending include all of the following except:

A. Envelope

B. Register

C. Receipts

D. Pocketbook

E. Calendar

Special challenges Pro Bono clients face include all of the following except:

A. Income thresholds for public assistance

B. Asset thresholds for public assistance

C. Overwhelming wealth

D. Lack of access to financial services

E. Predatory lending

All are part of the pro bono guidelines except:

A. No recommendations of specific products

B. Use the Pro Bono Letter of Engagement when doing one on ones, or use your own letter if desired/needed.

C. To solicit new business needs

D. No implementation

10.

NFCC stands for:

A. National Foundation for Credit Cards

B. National Foundation for Credit Collection

C. National Foundation for Credit Counseling

D. National Foundation for Credit Consolidation

Thank you for taking the exam.