BUNDLE - SAFE EXAMS

NMLS SAFE ACT MLO Exam - Ethics and Fraud 2023/2024 A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the A. Lender's right...

NMLS S.A.F.E. Exam 6 Questions & Answers 2023/2024 _____ are responsible for ensuring that loan applicants meet the requirements established by lenders and investors for loan programs. A. Loan processors B. Loan originators C. Investors D. Underwriters - ANSWER-D. Underwriters Which of...

Surf Safe Exam Questions & Answers 2023/2024 Raw ground pork is being stored in a cooler with raw fish, raw steak, raw crab cakes and raw poultry. The raw ground pork should be placed above the - ANSWER-Raw Poultry What temperature is acceptable for storing ground beef? - ANSWER-40F Soap ...

tummy safe exam questions & answers 2023/2024 food temperature danger zone - ANSWER-40 degrees f to 140 degrees f do not serve any cans that have been - ANSWER-dented or damaged first in - ANSWER-first out Listeria m. bacteria can grow at 40° - 45°F in a refrigerator that is not cold...

NMLS S.A.F.E. Exam 7 Questions & Answers 2023/2024 Loans are purchased as investments in the: A. Secondary mortgage market B. Primary mortgage market C. Reverse mortgage market D. Subprime mortgage market - ANSWER-A. Secondary mortgage market The acronym "CHARM" stands for: A. Cos...

MLO SAFE Test 2021 Questions & Answers Dodd-Frank - ANSWER-- Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 - Changed oversight & capitalization of financial institutions, added licensing an education standards, and limited riskier products in the marketplace - Established...

Safe exam GLOSSARY questions & answers 2023/2024 ABANDONMENT - ANSWER-The voluntary surrender of property, whether owned or leased. Abandonment does not relieve obligations associated with ownership or lease. ABATEMENT - ANSWER-A reduction in amount or intensity. Usually relates to a decreas...

SAFE exam- ethics questions & answers 2023/2024 ethic - ANSWER-a system or moral standards ethics - ANSWER-1. a study of morality's effect on conduct 2. a code of morality 3. a system of moral principles governing the appropriate conduct for an individual or group honesty - ANSWER-the...

NMLS SAFE ACT MLO Exam - Federal Law If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 months - ANSWER-C. 3 months An established business relat...

NMLS SAFE Test Questions & Answers 2023/2024 CFPB - ANSWER-Consumer Financial Protection Bureau: Part of the Dodd-Frank Act passed in 2010. It is focused on one goal: watching out for American consumers in the market for consumer financial products and services. This includes ensuring that cons...

Safe Exam Glossary Questions & Answers 2023/2024 401(k) Plan - ANSWER-A qualified employer-established plan to which employees may make salary deferral (salary reduction) contributions on a post-tax and/or pre-tax basis. Addendum - ANSWER-A thing that is added. This could be a supplement to ...

NMLS SAFE Exam Study Guide Regulation Z - ANSWER-Enforced by Consumer Financial Protection Bureau (CFPB), covers the Consumer Protection Act and the Truth in Lending Act (TILA) Consumer Protection Act - ANSWER-Disclosures of terms of credit Truth in Lending Act (TILA) - ANSWER-Enforced by...

Practice NMLS test - 20 Hour Safe questions & answers 2023/2024 An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - ANSWER-d Quarterly mortgage call reports must be file...

NMLS SAFE EXAM QUESTIONS & ANSWERS 2023/2024 Mortgage Loan Originator - ANSWER--takes a residential mortgage loan application and offers or *negotiates rates and terms* of a residential mortgage loan *for compensation or gain* -can describe a company, branch office, an individual or a mortga...