502 lien who - Study guides, Class notes & Summaries
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NMLS SAFE EXAM 2022 ALREADY PASSED
- Exam (elaborations) • 22 pages • 2022
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What does TILA stand for? Truth-In-Lending Act, Regulation Z 
What is a HELOC loan? a secured loan in that you are borrowing against the equity that has 
been built in your house 
What is a REFI loan? 
LTV stands for Loan to Value 
Define PMI and state what the acronym stands for. Private mortgage insurance- on 
conventional loans 
Define one time variable funding fee and people in what situations is it waived for? Disabled 
veterans and surviving spouses. 
USDA loans are also called what? 50...
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NMLS SAFE EXAM 2022/2023
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NMLS SAFE EXAM 2022/2023 
1. What does TILA stand for?: Truth-In-Lending Act, Regulation Z 
2. What is a HELOC loan?: a secured loan in that you are borrowing against the 
equity that has been built in your house 
3. What is a REFI loan?: 
4. LTV stands for: Loan to Value 
5. Define PMI and state what the acronym stands for.: Private mortgage insurance- on conventional loans 
6. Define one time variable funding fee and people in what situations is it 
waived for?: Disabled veterans and surviving...
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NMLS SAFE EXAM 2022/2023 with 100% correct answers
- Exam (elaborations) • 21 pages • 2022
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What does TILA stand for? 
Truth-In-Lending Act, Regulation Z 
What is a HELOC loan? 
a secured loan in that you are borrowing against the equity that has been built in your house 
What is a REFI loan? 
... 
LTV stands for 
Loan to Value 
Define PMI and state what the acronym stands for. 
Private mortgage insurance- on conventional loans 
Define one time variable funding fee and people in what situations is it waived for? 
Disabled veterans and surviving spouses. 
USDA loans are also called what...
-
NMLS SAFE EXAM 2022
- Exam (elaborations) • 15 pages • 2022
-
- $10.99
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NMLS SAFE EXAM 2022 
1. What does TILA stand for?: Truth-In-Lending Act, Regulation Z 
2. What is a HELOC loan?: a secured loan in that you are borrowing against the 
equity that has been built in your house 
3. What is a REFI loan?: 
4. LTV stands for: Loan to Value 
5. Define PMI and state what the acronym stands for.: Private mortgage insurance- on conventional loans 
6. Define one time variable funding fee and people in what situations is it 
waived for?: Disabled veterans and surviving spou...
-
NMLS SAFE EXAM QUESTIONS AND ANSWERS 2022
- Exam (elaborations) • 15 pages • 2022
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What does TILA stand for? - Answer - Truth-In-Lending Act, Regulation Z 
 
What is a HELOC loan? - Answer - a secured loan in that you are borrowing against the equity that has been built in your house 
 
What is a REFI loan? - Answer - 
 
LTV stands for - Answer - Loan to Value 
 
Define PMI and state what the acronym stands for. - Answer - Private mortgage insurance- on conventional loans 
 
Define one time variable funding fee and people in what situations is it waived for? - Answer - Disabl...
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NMLS SAFE EXAM QUESTIONS AND ANSWERS 2022
- Exam (elaborations) • 15 pages • 2022
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- $9.89
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What does TILA stand for? - Answer - Truth-In-Lending Act, Regulation Z 
 
What is a HELOC loan? - Answer - a secured loan in that you are borrowing against the equity that has been built in your house 
 
What is a REFI loan? - Answer - 
 
LTV stands for - Answer - Loan to Value 
 
Define PMI and state what the acronym stands for. - Answer - Private mortgage insurance- on conventional loans 
 
Define one time variable funding fee and people in what situations is it waived for? - Answer - Disabl...
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NMLS SAFE EXAM Answered Correctly 2022
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What does TILA stand for? - ANSWER-Truth-In-Lending Act, Regulation Z 
What is a HELOC loan? - ANSWER-a secured loan in that you are borrowing against 
the equity that has been built in your house 
What is a REFI loan? - ANSWERLTV stands for - ANSWER-Loan to Value 
Define PMI and state what the acronym stands for. - ANSWER-Private mortgage 
insurance- on conventional loans 
Define one time variable funding fee and people in what situations is it waived for? - 
ANSWER-Disabled veterans and surviv...
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Law of Contracts - CHAMPIONS TEST WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 19 pages • 2023
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The TREC residential contract forms are: - ANSWER Drafted by the Broker Lawyer Committee 
 
Wrongful or criminal deception intended to result in financial or personal gain is called: - ANSWER fraud 
 
Under the Deceptive Trade Practices Act, __________ are defined as tangible chattels. - ANSWER goods 
 
If a seller will continue to occupy the property for one month after the closing, the buyer and seller should: - ANSWER Enter into a Seller's Temporary Residential Lease 
 
The Buyer and Seller ...
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