100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
NMLS TEST FINAL EXAM AND PRACTICE EXAM QUESTIONS ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+$19.39
Add to cart
NMLS TEST FINAL EXAM AND PRACTICE EXAM QUESTIONS ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
NMLS TEST FINAL EXAM AND PRACTICE
EXAM QUESTIONS ACTUAL
EXAM COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
NMLS TEST FINAL EXAM AND PRACTICE
EXAM QUESTIONS 2024-2025 ACTUAL
EXAM COMPLETE ACCURATE EXAM
QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A+
A property sold for $200,000 and was appraised at
$180,000. The borrower received a loan for $150,000.
What is the loan-to-value?
A.) 75%
B.) 83.3%
C.) 90%
D.) 92.4$ - ....ANSWER...B.) 83.3%
How many days does a lender have to send an
adverse action notice?
A.) 5
,B.) 10
C.) 30
D.) 60 - ....ANSWER...C.) 30
The GFE/Loan Estimate must be mailed or given to
the borrower within how many days after rceiving
the signed application?
A.) 3 business days
B.) 7 business days
C.) 10 business days
D.) 30 business days - ....ANSWER...A.) 3 business
days
The enforcement of a lien is known as:
A.) Closing
B.) Foreclosure
C.) Warranty inspection
D.) Police Action - ....ANSWER...B.) Foreclosure
,The minimum percentage of ownership in a related
service required a conflict of interest disclosure?
A.) 5%
B.) 10%
C.) 25%
D.) 50% - ....ANSWER...B.) 10%
What minimum percentage o ownership qualifies an
individual as self-employed?
A.) 5%
B.) 10%
C.) 25%
D.) 50% - ....ANSWER...C.) 25%
A salaried employee may have to produce which of
the following documents to obtain a loan?
A.) 90 day pay stubs
B.) 2 years W2's
C.) Profit and Loss statement
, D.) Balance sheet - ....ANSWER...B.) 2 years W2's
How may months must be left on an automobile
lease to include it as a debt?
A.) 2 months
B.) 5 months
C.) 10 months
D.) It is always included - ....ANSWER...D.) It is
always included
Which law defines the right of rescission?
A.) Truth-in-Lending
B.) Real Estate Settlement Procedures Act
C.) Equal Credit Opportunity Act
D.) Patriot Act - ....ANSWER...A.) Truth-in-Lending
Investopedia
A right of rescission is a right under American
federal law set forth by the Truth in Lending Act
(TILA) that gives a borrower the right to cancel a
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Charitywairimu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $19.39. You're not tied to anything after your purchase.
