NMLS Test Prep- Federal Mortgage-Related Laws (Questions and correct answers) NMLS SAFE ACT MLO Exam - Federal Law; GRADED A+ MLO- Federal Mortgage-Related Laws (Questions and correct answers) NMLS Study Guide- FEDERAL MORTGAGE-RELATED LAWS; 100% verified
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RESPA (Regulation X) correct answers Real Estate Settlement Procedures Act implemented by Regulation X "Disclosure Law" The Real Estate Settlement Procedures Act - Regulation X correct answers was enacted to protect borrowers in purchases, refinances, home improvement and home equity line...
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Add to cartRESPA (Regulation X) correct answers Real Estate Settlement Procedures Act implemented by Regulation X "Disclosure Law" The Real Estate Settlement Procedures Act - Regulation X correct answers was enacted to protect borrowers in purchases, refinances, home improvement and home equity line...
If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 months correct answers C. 3 months An established business relationship with a company also will be...
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Add to cartIf a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 months correct answers C. 3 months An established business relationship with a company also will be...
Red Flag Rules are part of what federal law? A. ECOA B. FACT Act C. Gramm-Leach-Bliley Act D. SAFE Act correct answers B. FACT ACT Section 114 of the FACT Act is known as the Red Flags Rules, which, among other things, requires financial institutions and creditors to implement a writte...
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Add to cartRed Flag Rules are part of what federal law? A. ECOA B. FACT Act C. Gramm-Leach-Bliley Act D. SAFE Act correct answers B. FACT ACT Section 114 of the FACT Act is known as the Red Flags Rules, which, among other things, requires financial institutions and creditors to implement a writte...
The Dodd-Frank Act includes provisions that are intended to help struggling homeowners to obtain loan modifications by: correct answers Requiring the CFPA to write servicing rules to facilitate loss mitigation efforts A lender is permitted to deny an applicant credit based on which of the followi...
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Add to cartThe Dodd-Frank Act includes provisions that are intended to help struggling homeowners to obtain loan modifications by: correct answers Requiring the CFPA to write servicing rules to facilitate loss mitigation efforts A lender is permitted to deny an applicant credit based on which of the followi...
RESPA requires the use of the Closing Disclosure for? correct answers one to four single family units RESPA stands for correct answers Real Estate Settlement Procedures Act Effective January 26, 2015, annual mortgage insurance for FHA loans up to $625,000 is what percentage of the loan amount ...
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Add to cartRESPA requires the use of the Closing Disclosure for? correct answers one to four single family units RESPA stands for correct answers Real Estate Settlement Procedures Act Effective January 26, 2015, annual mortgage insurance for FHA loans up to $625,000 is what percentage of the loan amount ...
RESPA requires the use of the Closing Disclosure for? correct answers one to four single family units RESPA stands for correct answers Real Estate Settlement Procedures Act Effective January 26, 2015, annual mortgage insurance for FHA loans up to $625,000 is what percentage of the loan amount ...
Preview 2 out of 13 pages
Add to cartRESPA requires the use of the Closing Disclosure for? correct answers one to four single family units RESPA stands for correct answers Real Estate Settlement Procedures Act Effective January 26, 2015, annual mortgage insurance for FHA loans up to $625,000 is what percentage of the loan amount ...
Equal Credit Opportunity Act (ECOA) correct answers Regulation B Equal Credit Opportunity Act (ECOA) correct answers Federal law that ensures all consumers are given an equal chance to obtain credit. CFPB correct answers The ECOA is enforced by ____________. Equal Credit Opportunity Act (EC...
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Add to cartEqual Credit Opportunity Act (ECOA) correct answers Regulation B Equal Credit Opportunity Act (ECOA) correct answers Federal law that ensures all consumers are given an equal chance to obtain credit. CFPB correct answers The ECOA is enforced by ____________. Equal Credit Opportunity Act (EC...
Dodd-Frank Act correct answers Which federal act created the Consumer Financial Protection Bureau? QUESTION RATIONALE Title X of the Dodd-Frank Act creates the Consumer Financial Protection Bureau (CFPB) as an independent entity with rule-making and enforcement authority over many consumer finan...
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Add to cartDodd-Frank Act correct answers Which federal act created the Consumer Financial Protection Bureau? QUESTION RATIONALE Title X of the Dodd-Frank Act creates the Consumer Financial Protection Bureau (CFPB) as an independent entity with rule-making and enforcement authority over many consumer finan...
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