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NMLS Bundled Exams with Complete Solution 2023/2024 | Rated A+
NMLS Bundled Exams with Complete Solution 2023/2024 | Rated A+
[Show more]NMLS Bundled Exams with Complete Solution 2023/2024 | Rated A+
[Show more]The practice of getting people to sell their homes at bargain prices by suggesting that 
certain 
ethnic groups are going to move into the area is nicknamed: 
-Price fixing 
-Redlining 
-Steering 
-Blockbusting>>>> Blockbusting 
You and the borrower believe an Adjustable Rate Mortgage wo...
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Add to cartThe practice of getting people to sell their homes at bargain prices by suggesting that 
certain 
ethnic groups are going to move into the area is nicknamed: 
-Price fixing 
-Redlining 
-Steering 
-Blockbusting>>>> Blockbusting 
You and the borrower believe an Adjustable Rate Mortgage wo...
NMLS Terms and Exam Questions 
Review and Answers 
RESPA >>>Real Estate Settlement Procedures Act 
Regulation X 
Which of the following circumstances is least likely to lead to a determination that two 
entities are operating a sham affiliated business arrangement under RESPA? 
A. The same ...
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Add to cartNMLS Terms and Exam Questions 
Review and Answers 
RESPA >>>Real Estate Settlement Procedures Act 
Regulation X 
Which of the following circumstances is least likely to lead to a determination that two 
entities are operating a sham affiliated business arrangement under RESPA? 
A. The same ...
NMLS Practice Test Hard Questions and 
Answers 
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 co...
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Add to cartNMLS Practice Test Hard Questions and 
Answers 
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 co...
NMLS S.A.F.E Exam Practice Questions and Answers 
2022 
Enhancing protection and reducing fraud by directing states to adopt minimum uniform 
standards for the licensing and registration of residential mortgage loan originators was the 
purpose of the federal act known as the: 
a. S.A.F.E. Act 
b. F...
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Add to cartNMLS S.A.F.E Exam Practice Questions and Answers 
2022 
Enhancing protection and reducing fraud by directing states to adopt minimum uniform 
standards for the licensing and registration of residential mortgage loan originators was the 
purpose of the federal act known as the: 
a. S.A.F.E. Act 
b. F...
NMLS SAFE EXAM ACRONYMS WITH COMPLETE SOLUTION 
ARM - answerA variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a 
mortgage loan with the interest rate on the note periodically adjusted based on an index which 
reflects the cost to the lender of borrowing on the credit m...
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Add to cartNMLS SAFE EXAM ACRONYMS WITH COMPLETE SOLUTION 
ARM - answerA variable-rate mortgage, adjustable-rate mortgage (ARM), or tracker mortgage is a 
mortgage loan with the interest rate on the note periodically adjusted based on an index which 
reflects the cost to the lender of borrowing on the credit m...
NMLS SAFE EXAM LATEST UPDATE WITH COMPLETE 
SOLUTION 
Primary Mortgage Market - answerWhere credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - answerWhen an ARM has rate 
caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the init...
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Add to cartNMLS SAFE EXAM LATEST UPDATE WITH COMPLETE 
SOLUTION 
Primary Mortgage Market - answerWhere credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - answerWhen an ARM has rate 
caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the init...
NMLS TERMS WITH COMPLETE SOLUTION 
Acceleration Clause - answerA portion of a lending agreement that forces the borrower to repay 
the entire loan upon the first instance of borrower default 
Adjustable-Rate Mortgage (ARM) - answerA type of mortgage instrument in which the interest 
rate periodicall...
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Add to cartNMLS TERMS WITH COMPLETE SOLUTION 
Acceleration Clause - answerA portion of a lending agreement that forces the borrower to repay 
the entire loan upon the first instance of borrower default 
Adjustable-Rate Mortgage (ARM) - answerA type of mortgage instrument in which the interest 
rate periodicall...
NMLS SAFE EXAM 2022 
What does TILA stand for? - AnswerTruth-In-Lending Act, Regulation Z 
What is a HELOC loan? - Answera 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 for - AnswerLoan to Value 
Define PMI and...
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What does TILA stand for? - AnswerTruth-In-Lending Act, Regulation Z 
What is a HELOC loan? - Answera 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 for - AnswerLoan to Value 
Define PMI and...
NMLS SAFE EXAM WITH QUESTIONS AND ANSWERS 
Primary Mortgage Market - AnswerWhere credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - AnswerWhen an ARM has rate 
caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial adjustm...
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Add to cartNMLS SAFE EXAM WITH QUESTIONS AND ANSWERS 
Primary Mortgage Market - AnswerWhere credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - AnswerWhen an ARM has rate 
caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial adjustm...
NMLS Exam Study Guide 2022/2023 with complete solutions Graded A+
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Add to cartNMLS Exam Study Guide 2022/2023 with complete solutions Graded A+
NMLS PRACTICE QUESTIONS AND ANSWERS 
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 - answ...
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Add to cartNMLS PRACTICE QUESTIONS AND ANSWERS 
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 - answ...
NMLS SAFE EXAM QUESTIONS & 
ANSWERS 20222023 
Primary Mortgage Market - ANSWER-Where credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - ANSWER-When an 
ARM has rate caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial ...
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Add to cartNMLS SAFE EXAM QUESTIONS & 
ANSWERS 20222023 
Primary Mortgage Market - ANSWER-Where credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - ANSWER-When an 
ARM has rate caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial ...
NMLS EXAM 2022 
Fraud for money Laundering - ANSWER--Criminal uses scheme known as value 
tampering 
-Criminal offers to buy house at reduced rate 
-Seller must sell at appraised value on paper, but after closing, seller give the criminal 
the difference in cash. 
Adverse Action - ANSWER-An unfavora...
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Add to cartNMLS EXAM 2022 
Fraud for money Laundering - ANSWER--Criminal uses scheme known as value 
tampering 
-Criminal offers to buy house at reduced rate 
-Seller must sell at appraised value on paper, but after closing, seller give the criminal 
the difference in cash. 
Adverse Action - ANSWER-An unfavora...
MLO SAFE NMLS safe test practice Questions with correct Answers
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NMLS Safe Test Mortgage Licensing Practice Exam Questions and Answers (Graded A) latest update 2023 
 
Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA 
 
What type of scam entails homeow...
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Add to cartNMLS Safe Test Mortgage Licensing Practice Exam Questions and Answers (Graded A) latest update 2023 
 
Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA 
 
What type of scam entails homeow...
NMLS missed test questions and answers latest updates 2023 with 100% correct answers
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Add to cartNMLS missed test questions and answers latest updates 2023 with 100% correct answers
MLO SAFE NMLS safe test practice Questions with correct Answers winter 2023
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Add to cartMLO SAFE NMLS safe test practice Questions with correct Answers winter 2023
NMLS Safe Test Mortgage Licensing Practice Exam Questions and Answers (Graded A) latest update 2023
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Add to cartNMLS Safe Test Mortgage Licensing Practice Exam Questions and Answers (Graded A) latest update 2023
NMLS EXAM 2023 QUESTIONS AND ANSWERS | 100% SOLVED
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NMLS TEST-Affinity QUESTIONS AND ANSWERS 100% SOLVED 
 
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? - corr...
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Add to cartNMLS TEST-Affinity QUESTIONS AND ANSWERS 100% SOLVED 
 
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? - corr...
AfBA/ABA stands for? 
-What is it? - correct answer -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
Other ways to say "Doc Signing" - correct answer -Loan consummation 
-Loan Settlement 
-Loan Closing 
What is an escrow account?...
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Add to cartAfBA/ABA stands for? 
-What is it? - correct answer -Affiliated Business Arrangement 
-If referring client to another business of yours (1%) then you must disclose ASAP 
Other ways to say "Doc Signing" - correct answer -Loan consummation 
-Loan Settlement 
-Loan Closing 
What is an escrow account?...
Which federal legislation requires that the lender perform an annual audit of the escrow 
acct balance and distributions in order to bring the acct within $50 of the actual balance 
based on the previous 12 months disbursements? - ANSWER-RESPA 
Which advertising practice is prohibited by TILA? - ANS...
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Add to cartWhich federal legislation requires that the lender perform an annual audit of the escrow 
acct balance and distributions in order to bring the acct within $50 of the actual balance 
based on the previous 12 months disbursements? - ANSWER-RESPA 
Which advertising practice is prohibited by TILA? - ANS...
Primary Mortgage Market - ANSWER Where credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - ANSWER When an 
ARM has rate caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial adjustment 
B. The start rate for the loan 
C. T...
Preview 4 out of 122 pages
Add to cartPrimary Mortgage Market - ANSWER Where credit institutions originate loans 
C. The maximum the rate can increase over the life of the loan - ANSWER When an 
ARM has rate caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial adjustment 
B. The start rate for the loan 
C. T...
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