Ecoa is regulated by - Study guides, Class notes & Summaries

NMLS SAFE EXAM QUESTIONS AND ANSWERS ALREADY PASSED, Rated A Document Content and Description Below NMLS SAFE EXAM QUESTIONS AND ANSWERS ALREADY PASSED Primary Mortgage Market Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rat...

NMLS SAFE EXAM Questions with accurate answers, Graded A, 2022/2023. Document Content and Description Below NMLS SAFE EXAM Questions with accurate answers, Graded A, 2022/2023. Primary Mortgage Market - Where credit institutions originate loans C. The maximum the rate can increase over the lif e of the loan - When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over t...

Primary Mortgage Market - ANSWER-Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER-When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the loan B. The borrower qualified at the buydown rate - ANSWER-When utilizi...

RESPA was enacted in 1974 for what purposes? - ANSWER-Allow consumers to obtain information on the costs of closing so that they can shop for settlement services Protect consumers from excessive settlement costs and unearned fees RESPA's current regulations serve to: - ANSWER-Protect consumers from excessive settlement costs Limit the amount of funds that creditors can require consumers to deposit into escrow accounts Establish disclosures, policies, and procedures to facilitate timely co...

An up-front premium is charged on FHA loans used to purchase all of these EXCEPT - ANSWER-condominium A mortgage broker is - ANSWER-an intermediary In Texas, which does a purchaser receive at the foreclosure sale? - ANSWER-Whatever title the borrower had A typical loan origination fee is - ANSWER-1% of the loan amount. Which type of property can be purchased under a land contract? - ANSWER-Unimproved acreage and residential Which type of lien is the deed of trust on a property? - ...

ask an adjuster questions and answers with complete top solutions Which of the following is NOT true about the National Association of Insurance Commissioners? A. It is a non-profit coalition of state insurance agencies B. It works to harmonize state insurance laws and regulations C. It provides benefits for insurance commissioners D. It drafts model legislation that is frequently adopted by most states C. It provides benefits for insurance commissioners Jill wants to start an ins...

Primary Mortgage Market - ANSWER Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate maximum the rate can decrease over the life of the loan B. The borrower qualified at the buydown rate - ANSWER When utilizi...

SAE ASSESSMENT REVIEW- Champion Property Management 2023 Rated 100% police power --- The right of governments to control land use Fiduciary --- requires duties of obedience, loyalty, disclosure, confidentiality, accounting, and reasonable care variance --- permission to violate the rules building code --- dictates the minimum legally acceptable standards by which a building can be constructed Zoning --- determines for what purposes certain parcels of land that can be used prope...

Pearson Vue real estate exam Maine Questions And Correct Answers Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within how many feet of a river, wetland, lake, or ocean? 250 feet Most land uses are subject to regulation of Maine's Mandatory Shoreland Zoning Act when they are within how many feet of certain streams? 75 feet The Shoreland Zoning Act is regulated by whom? Each municipality and enforced by the local Code Enforcement Officer...

ECOA - REG B Equal Credit Opportunities Act If App for Cedit is Denied based on Appraisal, Borrower has 90 days to request a copy then Lender has 30 days to deliver HMDA - REG C Home Mortgage Disclosure Act Found in: Section 10 of 10-03 Loan App Government Monitoring Section Eliminates / Identifies Possible Discrimination RESPA - REG X Real Estate Settlement Procedures Act TIL/TILA - REG Z Truth in Lending Act (2015) Deals with: (Of Consumer Loans) Credit APR Advertising HPA Homeo...