Deed answer the le - Study guides, Class notes & Summaries
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Asvab Exam 507 Questions with Verified Answers,100% CORRECT
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Asvab Exam 507 Questions with Verified Answers 
 
Amain - CORRECT ANSWER Archaic or full speed 
 
Abandon - CORRECT ANSWER Relinquish 
 
Abducted - CORRECT ANSWER Kidnap 
 
Aberration - CORRECT ANSWER Desviation of course 
 
Abhor - CORRECT ANSWER Detest, offensive, abhorrent 
 
Abridge - CORRECT ANSWER Shorten, condense 
 
Abrupt - CORRECT ANSWER Brusque 
 
Absent - CORRECT ANSWER Away, nonexistent, off, unavailable 
 
Abundant - CORRECT ANSWER Overflowing, excess 
 
Accommodation - CORRECT ANS...
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SAFE MLO Exam Prep Questions and Answers 2022/2023
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ECOA is Regulation ______ - ANSWER-Regulation B 
 
TILA is administered by ______ - ANSWER-CFPB 
 
HOEPA considers a loan to be high cost if total charges to borrower exceeds ______ % of loan amount? - ANSWER-5% 
 
For reverse mortgage, TILA disclosure must be delivered how many days prior to closing? - ANSWER-7 days 
 
Home Mortgage Disclosure Act (HMDA) implemented by _____ - ANSWER-FRB 
 
Loan amount, gender, race, & age; which is not required on HMDA? - ANSWER-Age 
 
HMDA does not - ANSWER-S...
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NMLS safe test (solved)
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What type of MLO must be licensed? 
A. an MLO of a savings and loan 
B. An MLO of a commercial bank 
C. Building and Loan Association MLO 
D. An MLO of a non-depository firm that arranges mortgages for clieents - ANSWER-D 
 
What is the difference between mortgage lenders and brokers? - ANSWER-Mortgage lenders make loans and mortgage brokers arrange loans 
 
What best defines a mortgage broker? 
A. Serves as an intermediary between a borrower and the actual lender 
B. Makes loans by. funding fro...
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Aceable Agent - Law of Contracts Solved Completely!!
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Aceable Agent - Law of Contracts Solved Completely!! 
Aceable Agent - Law of Contracts Solved Completely!! 
 
DEED - ANSWER The legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. 
 
DEED OF TRUST - ANSWER A security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. 
 
TRUSTEE VS TRUSTOR - ANSWER A trustee is an ...
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NMLS Test Prep Latest Updated with Complete Solution
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Reg B - ANSWER ECOA 
 
Reg C - ANSWER HMDA 
 
Reg G - ANSWER SAFE - registered 
 
Reg H - ANSWER SAFE - licensed 
 
Reg N - ANSWER MAP Rule 
 
Reg P - ANSWER GLB Act 
 
Reg V - ANSWER FCRA 
 
Reg X - ANSWER RESPA 
 
Reg Z - ANSWER TILA 
 
LE - ANSWER Requires business days to include all days open 
 
Does count for business days for CD include Saturdays? - ANSWER No - requires business days to include all but Sun/Holidays 
 
Elements of a Completed Application - ANSWER Name 
Address 
Subject pro...
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NMLS SAFE Test Questions with 100% correct Answers
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CFPB - ANSWER-Consumer Financial Protection Bureau: Part of the Dodd-Frank Act passed in 2010. It is focused on one goal: watching out for American consumers in the market for consumer financial products and services. This includes ensuring that consumers get the information they need to make the financial decisions they believe are best for themselves and their families by making sure prices are clear upfront, risks are visible, and that nothing is concealed in fine print. 
Responsibilities: 
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Mock Exam questions and answers correctly answered latest 2023
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Mock Exam questions and answers correctly answered latest 2023Residual income is the amount of income available for family support after taxes and social security expense have been subtracted from the gross income and after PITI and other long-term debt has been paid. 
Response: True 
Feedback: See Course 6, Lesson 1 
 
 
 
FHA Case Numbers are tied to the property, not the borrower. 
Response: True 
Feedback: See Course 5, Lesson 1 
 
 
 
What is the minimum coverage required on the hazard insu...
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Obligation
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Obligation 1. Unless the law or the stipulation of the parties required another standard of care, the obligation to give a thing carries with it the obligation to take care of it with: a. Extra ordinary diligence b. Ordinary diligence c. Diligence of a good father of a family d. Answer not given RPCPA 0591 2. The buyer of a thing has the right to the fruits of the thing: a. From the time the thing bought is delivered. b. From the time the sale is perfected. c. From the time the obligation to del...
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Champion Real Estate Prep Questions With New Update Solutions
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Champion Real Estate Prep Questions With New Update Solutions 
 
 
1 appointed by governor - Answer-How many public members are in the Broker Lawyer Committee and who appoints them? 
 
/.1 year with HUD and 2 years with courts - Answer-Victims of FFHA have up to ____ yrs to seek mediation through HUD and up to ______ yrs to file with courts 
 
/.1. Amount Borrowed 2. Due date 3. Rate of interest 4. Payment amount - Answer-A promissory note has what 4 things? 
 
/.1. Base lines 2. Meridians 3. Se...
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NJ REAL ESTATE PRACTICE EXAM
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The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 
 
1. Quitclaim Deed 
2. General Warranty Deed 
3. Bargain and Sale Deed 
4. Bargain and Sale Deed, CAG - Answer- Bargain and Sale Deed, CAG 
 
Taxes raised to pay for improvements that benefit real estate are referred to as 
 
1. Special Assessments 
2. Facilities Taxes 
3. Ad Valorem Taxes 
4. Luxury Rates - Answer- Special Assessments 
 
After Borrowers ...
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