Tila reg z - Study guides, Class notes & Summaries

When must a seller's agent or subagent initially disclose agency status to a buyer? - before buyer and buyer's agent discuss motivation and financial information seller's subagent - no written or oral buyer agency OLDCAR - obedience loyalty disclosure confidentiality accounting reasonable care In dual agency, the agent's duties are _____ to being a facilitator - reduced What statement would require full disclosure of all financing terms in compliance with TILA, Reg Z and RESPA - 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 can demand repayment of the loan in ...

Acceleration Clause - correct 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) - correct 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 - correct answer home valuation code of conduct Due on Demand Clause - correct answer (Considered a predatory practice) The lender can ...

NMLS Test 100% Correct Solved If an application for credit is DENIED based on the appraisal under ECOA (Reg B), how many days does the borrower have to request a copy and how many days does the lender have to deliver? - Correct Answer️️ -The borrower has 90 to request and the lender as 30 days to deliver. Appraisal equals? - Correct Answer️️ -Value What law allows the borrower to challenge the value stated in the appraisal? - Correct Answer️️ -ECOA (Reg B), Equal Credit Opport...

When must a seller's agent or subagent initially disclose agency status to a buyer? - Answer before buyer and buyer's agent discuss motivation and financial information seller's subagent - Answer no written or oral buyer agency OLDCAR - Answer obedience loyalty disclosure confidentiality accounting reasonable care In dual agency, the agent's duties are _____ to being a facilitator - Answer reduced What statement would require full disclosure of all financing terms in...

Post licensing 301 NC study Questions And Answers When must a seller's agent or subagent initially disclose agency status to a buyer? - ANS before buyer and buyer's agent discuss motivation and financial information seller's sub agent - ANS no written or oral buyer agency OLD CAR - ANS obedience loyalty disclosure confidentiality accounting reasonable care In dual agency, the agent's duties are _____ to being a facilitator - ANS reduced What statement would requi...

When must a seller's agent or subagent initially disclose agency status to a buyer? - ANSWERSbefore buyer and buyer's agent discuss motivation and financial information seller's subagent - ANSWERSno written or oral buyer agency OLDCAR - ANSWERSobedience loyalty disclosure confidentiality accounting reasonable care In dual agency, the agent's duties are _____ to being a facilitator - ANSWERSreduced What statement would require full disclosure of all financing terms in complia...

Post Licensing 301 NC Study Exam Questions And Answers 100% Verified When must a seller's agent or subagent initially disclose agency status to a buyer? - answerbefore buyer and buyer's agent discuss motivation and financial information seller's subagent - answerno written or oral buyer agency OLDCAR - answerobedience loyalty disclosure confidentiality accounting reasonable care In dual agency, the agent's duties are _____ to being a facilitator - answerreduced What statement wou...

A CORRECT statement about the Civil Rights Act of 1866 is that it - provides NO exception to the illegality of racial discrimintaion in housing A CORRECT statement about the Federal National Mortgage Association (FNMA) is that it - purchases mortgages in the secondary mortgage market A residential lot is 385 feet wide and 120 feet deep. How many acres does the lot contain - 1.06 According to the common law of agency, a real estate licensee acting as a subagent of an employing broke...

NMLS QUESTIONS WITH SOLUTIONS, 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) Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:03 / 0:15 Full screen Appraiser Independance Requirements replace...