Gfe admin - Study guides, Class notes & Summaries
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NMLS Exam Questions with Correct Answers.docx
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NMLS Exam Questions with Correct A 
 
Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct 
 
Due on Demand Clause - Answer-(Considered a predatory practice) The lender ...
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NMLS Questions with accurate answers, 2022/2023 updates, Graded A
- Exam (elaborations) • 42 pages • 2023
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NMLS Questions with accurate answers, 2022/2023 updates, Graded A. 
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NMLS Questions with accurate answers, 2022/2023 updates, Graded A. Acceleration Clause - Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed a s predatory lending) Alienation Clause (Due on Sale Clause) - Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVC...
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NMLS (Test terms for NMLS)2022
- Exam (elaborations) • 31 pages • 2022
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Acceleration Clause 
Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
 
 
 
Alienation Clause (Due on Sale Clause) 
Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
 
 
Appraiser Independance Requirements replaced HVCC 
home valuation code of conduct 
 
 
 
Due on Demand Clause 
(Considered a predatory practice) The lender can demand repayment of the loan in full at anytime for ...
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AC Sys, Lvl 1 - Lesson 4_ Making Circuit Calculations for Basic Systems
- Exam (elaborations) • 4 pages • 2024
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AC Sys, Lvl 1 - Lesson 4_ Making Circuit Calculations for Basic Systems
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NMLS QUESTION AND ANSWERS 2023
- Exam (elaborations) • 31 pages • 2023
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NMLS QUESTION AND ANSWERS 2023Acceleration Clause 
Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
 
 
 
Alienation Clause (Due on Sale Clause) 
Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
 
 
 
Appraiser Independance Requirements replaced HVCC 
home valuation code of conduct 
 
 
 
Due on Demand Clause 
(Considered a predatory practice) The lender can demand repayment of th...
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NMLS Questions and Answers Latest Updated 2022 Graded A
- Exam (elaborations) • 44 pages • 2023
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NMLS Questions and Answers Latest Updated 2022 Graded A 
Document Content and Description Below 
NMLS Questions and Answers Latest Updated 2022 Graded A Acceleration Clause Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lendin g) Alienation Clause (Due on Sale Clause) Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC home valuation code of c...
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CDC Volume 1_ AF Specific Contingency
- Exam (elaborations) • 6 pages • 2024
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CDC Volume 1_ AF Specific Contingency
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NMLS Questions and Answers Latest Updated 2022 Graded A
- Exam (elaborations) • 44 pages • 2023
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NMLS Questions and Answers Latest Updated 2022 Graded A Acceleration Clause Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
Alienation Clause (Due on Sale Clause) Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
Appraiser Independance Requirements replaced HVCC home valuation code of conduct 
Due on Demand Clause (Considered a predatory practice) The lender can demand repayment o...
-
NMLS Questions and Answers Latest Updated 2022 Graded A
- Exam (elaborations) • 44 pages • 2022
-
Available in package deal
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- $9.49
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NMLS Questions and Answers Latest Updated 2022 Graded A Acceleration Clause Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) 
Alienation Clause (Due on Sale Clause) Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) 
Appraiser Independance Requirements replaced HVCC home valuation code of conduct 
Due on Demand Clause (Considered a predatory practice) The lender can demand repayment o...
-
Notary Signing Agent Certification Study Guide: Part 1.
- Exam (elaborations) • 32 pages • 2023
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1.	Who are the stakeholders in the loan process? The stakeholders in the loan process are: the borrower, the lender, the contracting compa- ny, and the NSA(Notary Signing Agent) 2.	Who hires an NSA?	An NSA is hired by a contracting company to provide signing services and oversee the actual loan signing with the bor- rower. 3.	What is a contracting company?	A closing company could be: -closing agent -bank -escrow company -attorney -signing service -borrower's 4.	What types of transact...
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