State lending - Study guides, Class notes & Summaries

Real Estate Exam Delaware Questions and Answers 100% Correct Most residential real estate transfers require the seller to provide the buyer with this - Correct Answer ️️ -Seller's Disclosure of Real Property Condition Report Piper contracted with Alex to sell her Dover home to him for $350,000. If Alex breaches the sales contract, how long does Piper have to sue Alex for breach of contract? Eight years Four years - Correct Answer ️️ -Three years Which of the following statements...

Minnesota Exam Prep Questions and Answers Rated A+ The state agency responsible for the business activities of Minnesota mortgage professionals Minnesota Department of Commerce Office that the Minnesota Dept of Commerce is located within Secretary of State With the passing of the SAFE Act DOC shares mortgage lending Licensing authority with whom? NMLS Who is the NMLS operated by State Regulatory Registry, LLC Who heads the DOC? Commissioner Regulates the activities of mort...

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 forAnswer - 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 ...

VA State Health and Life Insurance Exam CH12 Already Passed Who owns an employer group health policy? A) The employer only B) The agent C) The employees D) Both the employer and the employees A) The employer only It is common for an employer to obtain group health insurance for the benefit of their employees. The employer is the owner of the policy and determines what classes of employees will covered. Which of the following type of insurance protects a lending institution from ...

1. The real estate market is local in nature what does that mean? - ANSWER Information about real estate can best be found through local sources, which makes the real estate market local in nature 2. You would expect a real estate licensee to perform all of the following activities, EXCEPT: A. Providing expert knowledge about construction methods and materials B. Providing expert knowledge to members of the public in the performance of specified services of real estate C. Following up wi...

Texas Adult Driver's Ed – Complete Course (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: To obtain your Texas Driving License Answer: - Complete an application at a driver license office - Bring one piece of primary identification (passport, citizenship, etc.) - Or two pieces of secondary identification (birth certificate, court order, etc.) - Or one piece of secondary identification plus two pieces of supporting identification (school records...

CRCR EXAM WITH CORRECT CHOICES, CERTIFIED AND VERRIFIED What are collection agency fees based on? - CORRECT ANSWER-A percentage of dollars collected Self-funded benefit plans may choose to coordinate benefits using the gender rule or what other rule? - CORRECT ANSWER-Birthday In what type of payment methodology is a lump sum or bundled payment negotiated between the payer and some or all providers? - CORRECT ANSWER-Case rates What customer service improvements might improve the patie...

SAFE Mortgage Loan Originator Test - National Component UPDATED Exam Questions and CORRECT Answers What does UST stand for? - Correct Answer- Uniform State Test Who does the CFPB protect? - Correct Answer- The Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - Correct Answer- CFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are s...

Champions Real Estate Finance Study Guide (Latest 2024/ 2025 Update) 100% Correct Questions and Verified Answers| Grade A Q: Supply and Demand an economic concept that states that the price of a good rises and falls depending on how many people want it and depending on how much of the good is available. Q: Funding Answer: The process of transferring funds to a title or escrow company for disbursement Q: The Safe Act Answer: Designed to enhance consumer protection ...

When should you let your attorney see a construction contract? A. Before you let the client see the contract B. After the contract is prepared but before you sign it C. After the building permit is obtained D. After the contract is signed by you and the client -ANSWER-B. After the contract is prepared but before you sign it Which is the most correct statement as to what must be included in every home improvement contract? A. Notice of right to cancel B. Contractor's license number C. T...