Nmls affinity - Study guides, Class notes & Summaries

NMLS TEST-Affinity Questions and Answers 100% Correct NMLS TEST-Affinity Questions and Answers 100% Correct NMLS TEST-Affinity Questions and Answers 100% Correct NMLS TEST-Affinity Questions and Answers 100% Correct What law deals with credit, APR & Advertising of consumer loans? - ANSWER-TILA Which regulation prohibits kickbacks? - ANSWER-RESPA Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? - ANSWER-HPA-Homeowners Protection Act Wh...

NMLS SAFE TEST-Affinity Questions and Answers Latest (2023 / 2024) (Verified Answers)

NMLS TEST-Affinity Study Practice Questions 2024.What law deals with credit, APR & Advertising of consumer loans? - correct answer TILA Which regulation prohibits kickbacks? - correct answer RESPA Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? - correct answer HPA-Homeowners Protection Act Which Regulation prohibits fee splitting? - correct answer RESPA Regulation X is the letter used to describe which law? - correct answer RESPA RESPA is the acr...

NMLS TEST-Affinity

NMLS TEST-Affinity

NMLS TEST-Affinity

__________ occurs if the lender chooses the hazard insurance company when the borrower allows the policy to lapse. - Forced-placed insurance "APR" means? - Annual percentage rate. This is the cost of credit expressed as a percentage. A borrower is refinancing his home. How much time does Reg Z give him to change his mind? - 3 days A co-borrower whose income is used to qualify must sign the: - Mortgage and the note A deed is: - A legal instrument that conveys title to real property. A fu...

NMLS TEST-Affinity

NMLS TEST-Affinity Exam Questions with Complete Solutions Which regulation requires the lenders to "BE EQUAL" when extending credit to borrowers? - Answer-ECOA How old must a borrower be to qualify for a Reverse Mortgage? - Answer-62 years old Which regulation has the primary function of preventing Identity Theft? - Answer-FACT Act Which regulation has Section 114 Rules? - Answer-FACT Act Which regulation requires the creditor to verify the VALIDITY of any change of address rece...

NMLS TEST-Affinity 100% Correct Solved What law deals with credit, APR & Advertising of consumer loans? - Correct Answer️️ -TILA Which regulation prohibits kickbacks? - Correct Answer️️ -RESPA Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? - Correct Answer️️ -HPA-Homeowners Protection Act Which Regulation prohibits fee splitting? - Correct Answer️️ -RESPA Regulation X is the letter used to describe which law? - Correct Answer️️ -RESPA...