Exam (elaborations)
NMLS Exam Correct Questions & Answers(Latest Update 2023/2024)
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) App...
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