Nmls practice - Study guides, Class notes & Summaries

NMLS Practice Exam Questions and Answers RESP does not apply to: a) Loans secured by a lien on a principal dwelling b) Federally related mortgage loans c) Subprime mortgage loans d) Loans for business, commercial and agricultural purposes - Answer-d) Loans for business, commercial and agricultural purposes Under the Fair Credit Reporting Act, which of the following entities has the burden of protecting a consumer's privacy when his/her credit information is being reported? a)...

NMLS Practice Test Hard Questions with correct answers.

NMLS Practice Test Hard Questions And Answers Latest Top Score.

NMLS Practice Test Exam Questions And Answers (Verified And Updated) A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - answerA.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of ...

which federal agency administers Regulation B implementing ECOA, Rgulation C implementig HMDA and Regulation Z implementing TILA? - Answer- FEDERAL RESERVE SYSTEM the clause in a mortgage that allows the lender to foreclose if the borrower defaults is the - Answer- Acceleration Clause at closing a borrower may deposit funds to establish reserves for which of the following? - Answer- TAXES AND INSURANCE in a qualification of an applicant who receives child support and alimony - Answer- C...

NMLS Practice Test Hard Questions with complete solution ( Latest updated )

NMLS Practice Test Hard Questions with Answers (Graded A)NMLS Practice Test Hard Questions with Answers (Graded A)NMLS Practice Test Hard Questions with Answers (Graded A)NMLS Practice Test Hard Questions with Answers (Graded A) A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan ...

NMLS Practice Test Exam Questions And Answers (Verified And Updated) A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - answerA.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of ...

A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - correct answer A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money payment of $5,000. The buyer pays an additional $2,000 in option money...

NMLS Practice Questions with Correct A A borrower has gone to settlement for a cash-out refinance on Tuesday for his principal residence. His rescission period is over at midnight on Friday. According to the provisions specified under federal law, what is the first possible day the loan could fund? - Answer-Saturday The amount of the down payment, the amount of the finance charge, or the number of payments needed are all examples of under TILA. - Answer-Trigger Terms Which of the follow...