Safe mlo final exam - Study guides, Class notes & Summaries

Looking for the best study guides, study notes and summaries about Safe mlo final exam? On this page you'll find 23 study documents about Safe mlo final exam.

Page 3 out of 23 results

Sort by

SAFE MLO-NMLS practice questions and answerers latest updated
  • SAFE MLO-NMLS practice questions and answerers latest updated

  • Exam (elaborations) • 30 pages • 2022
  • Available in package deal
  • Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - ANSWER-Predatory Lending. RESPA-Real Estate Settlement Procedures Act - ANSWER-The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's section 9 Prohibits - ANSWER-Home sellers from requiring home buyers to purchase title insurance from...
    (0)
  • $12.99
  • + learn more
SAFE MLO FINAL EXAM GRADED A+
  • SAFE MLO FINAL EXAM GRADED A+

  • Exam (elaborations) • 15 pages • 2022
  • Available in package deal
  • All but which of the following are not covered by RESPA? a) Simple assumptions b) The sale of loans on the secondary market c) Loans intended for sale to Freddie Mac d) Bridge loans - ANSWER-c) Loans intended for sale to Freddie Mac The requirement to include the credit repository's name and address on the adverse action notice is established through: a) ECOA b) FCRA c) ECOA & FCRA d) FACTA - ANSWER-b) FCRA Which regulation governs the issuance of the CHARM? a) TILA b) RESPA c)...
    (0)
  • $11.49
  • + learn more
 Safe MLO practice 1st test July 2022 Questions and Answers
  • Safe MLO practice 1st test July 2022 Questions and Answers

  • Exam (elaborations) • 19 pages • 2022
  • 1. How many times may a licensing candidate take the NMLS national examination before having to wait six months to retake it? - ANSWER-Answer: b) Candidates who fail the exam must wait 30 days between each subsequent attempt. After failing the exam a third time, the waiting period increases to six months. 2. Which of the following loan originator license applications would automatically be declined? - ANSWER-Answer: b) The SAFE Act prohibits an individual from obtaining a mortgage loan origin...
    (0)
  • $9.99
  • + learn more