Exam (elaborations) CALIFORNIA STATE NMLS PRACTICE TEST 2 Exam (elaborations) Loan Officer - NMLS QUESTIOS AND ANSWERS 3 Exam (elaborations) MLO SAFE NMLS safe test practice questions 4 Exam (elaborations) MLO SAFE NMLS safe test practice questions And Answers 2022/2023 5 Exam (elaborations) ML...
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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) ...
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Add to cartAcceleration 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) ...
ECOA - REG B - Answer - 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 - Answer - Home Mortgage Disclosure Act Found in: Section 10 of 10-03 Loan App Government Monitoring...
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Add to cartECOA - REG B - Answer - 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 - Answer - Home Mortgage Disclosure Act Found in: Section 10 of 10-03 Loan App Government Monitoring...
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - Answer - Predatory Lending. RESPA-Real Estate Settlement Procedures Act - ...
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Add to cartTaking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - Answer - Predatory Lending. RESPA-Real Estate Settlement Procedures Act - ...
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Add to cartNMLS PRACTICE TEST HARD QUESTIONS
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Add to cartCALIFORNIA STATE NMLS PRACTICE TEST
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Add to cartNMLS LOAN OFFICER QUESTIONS AND ANSWERS
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