Nmls st - Study guides, Class notes & Summaries

NMLS SAFE EXAM 2022 Study Guide Review with Over 170 Correctly Answered Questions 2023 Update.

NMLS Flashcards 2024 Questions and Answers Graded A+ -AfBA/ABA stands for? -What is it? -Affiliated Business Arrangement -If referring client to another business of yours (1%) then you must disclose ASAP Other ways to say "Doc Signing" -Loan consummation -Loan Settlement -Loan Closing Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:11 / 0:15 Full screen What is an escrow account? -account holding money for insurance...

NMLS SAFE Exam Study Guide 2022 with complete solution

NMLS Practice Test Hard Questions Study Guide with (100 select Quizzes) with Very High Potential to Help ace any NMLS Exam

NMLS SAFE EXAM 2022 Study Guide Review with Over 170 Correctly Answered Questions 2023 Update.

A lender has how many days to refund excessive variances on a Closing Disclosure? - ANSWER 60 days Lender has how many days after settlement to refund any portion of charges on the HUD-1 that exceeded the acceptable variance - ANSWER 30 days TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to clos...

Lender The person who is responsible for ascertaining whether or not the Loan Estimate has been provided Terms of Repayment REG Z. Requires that an advertisement must include Proceeds will be used to construct a structure or manufactured home on the real property within two years from the settlement of the loan RESPA covers loans secured by vacant, or unimproved property ONLY IF: REG Z on HOEPA ( Home Ownership and Equity Protection Act) The following statement, "You ar...

A lender has how many days to refund excessive variances on a Closing Disclosure? - ANSWER 60 days Lender has how many days after settlement to refund any portion of charges on the HUD-1 that exceeded the acceptable variance - ANSWER 30 days TILA disclosure must be given to the applicant within how many days after receiving the signed loan application for a reverse mortgage - ANSWER 3 business days Truth in lending disclosure must be delivered within how many business days prior to clos...

Regulation Z - Answer - Enforced by Consumer Financial Protection Bureau (CFPB), covers the Consumer Protection Act and the Truth in Lending Act (TILA) Consumer Protection Act - Answer - Disclosures of terms of credit Truth in Lending Act (TILA) - Answer - Enforced by the Federal Reserve System, must contain nominal interest rates, loan points and discount points, finance charges, amount financed, annual percentage rate (APR) Nominal Interest Rate - Answer - Interest rate specified in t...