Loa signing notary test 1 - Study guides, Class notes & Summaries

Loa Signing Notary Test 1 Loa Signing Notary Test 1 Loa Signing Notary Test 1

Loa Signing Notary Test 6 (Answered) Loa Signing Notary Test 6 1. A notary Signing Agent is asked to describe several of the loan terms at a signing appointment. The Notary Signing Agent may:: Provide only a general description of the loan terms 2. A Notary Signing Agent has been providing signing services with no inci- dents for over 10 years without having undergone a background screening. There fore he/she:: Must undergo a background screening in order to become a "Certified" Notary Si...

Loa Signing Notary Test 2 1. The Note is the loan agreement, and it outlines the terms of the loan.: True 2. One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that af- fects signing agents is the:: Closing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the HUD-1 Settlement Statement. 3. Which document replaces the Good Faith Estimate and the "early" Truth in Lending Disclosure.: The Loan Estimate form. 4. The new Closing Disclosure replace...

Signing Notary Loan ALL Tests #1-6 Q&A Updated Winter 222-2023.

Loa Signing Notary Test 5 1. The consumer Financial Protection Bureau is responsible for implement- ing the "TILA- RESPA Integrated Disclosure" (TRID) rule.: True 2. What is an Adjustable Rate Mortgage- ARM?: A loan that offers a short introductory period with a low, fixed interest rate. After that period usually two to five years, sometimes more the rate becomes adjustable, up to a certain limit. 3. What is a balloon loan?: Short term loan with payments amortized over a longer period o...