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NMLS FINAL EXAM 2024-2025| LATEST UPDATE| ULTIMATE SOLUTION

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NMLS FINAL EXAM | LATEST UPDATE| ULTIMATE SOLUTION Who is responsible for ensuring that the Closing Disclosure is delivered to the consumer? A.The creditor B.The loan processor C.The consumer D. The CFPB - CORRECT ANSWER A. the creditor Which law restricts the sharing of information given when a consumer applies for a mortgage loan? A. Fair Credit Reporting Act B. FTC Disposal Rules C. Gramm-Leach-Bliley Act D. Consumer Regulatory Protection Act - CORRECT ANSWER C. Gramm-Leach-Bli...

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NMLS EXAM 2024-2025| LATEST UPDATE| ULTIMATE SOLUTION

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NMLS EXAM | LATEST UPDATE| ULTIMATE SOLUTION What law deals with credit, APR & advertising of consumer loans? - ANSWER TILA/REGULATION Z Which regulation prohibits kickbacks? - ANSWER RESPA Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - ANSWER HPA - Homeowners Protection Act Which regulation prohibits fee splitting? - ANSWER RESPA Regulation X is the letter used to describe which Law? - ANSWER RESPA RESPA is the acronym used to des...

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2024 NMLS STUDY GUIDE | LATEST UPDATE| 215 QAs VERIFIED

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1. Which of the following is NOT a TILA or RESPA mandated disclosure? Select one: A. Closing Disclosure B. Loan Estimate C. Mortgage Servicing Disclosure D. An Adverse Action Statement: D. An Adverse Action Statement 2. Which of the following does not affect a Veterans Funding fee? Select one: A. Loan Amount B. Prior Service (Active/ Reserve) C. Marital Status D. Prior Use of Entitlement: C. Marital Status 3. FACTA requires that if a lender uses credit scores in making or arranging loa...

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RCAL - NAB ADMINISTRATOR EXAM (FEDERAL) 2024- 2025 LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS

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If contracted laundry services are provided off site: - CORRECT ANSWER The use of commercial laundry services is required by the contractor based on Department of Health. For residents with dementia, optimal food choices are best achieved by: - CORRECT ANSWER Good screening, proper nutrition and hydration, and pleasant meal times. Information should be added to an ICP: - CORRECT ANSWER At a minimum when the resident has a significant change of condition. A resident has the righ...

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NAB CORE PRACTICE EXAM 110 SETS 2024-2025 LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS

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1. Which one of the following steps should be taken first in a risk management program? A. Purchasing of adequate insurance B. Conducting of employee safety drills C. Identifying hazards and risks D. Conducting staff in-services on incident reporting and accident prevention. - CORRECT ANSWER C. Identifying hazards and risks 2. Which of the following professionals is authorized to dispense medications? A. registered nurse B. licensed nurse, physician and, in some states, medicati...

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NAB RCAL Exam 2024-2025 LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS

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NAB RCAL Exam LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS Breakeven Point? - CORRECT ANSWER total cost = total revenue Working capital ratio - CORRECT ANSWER current assets / current liabilities Acid-test (quick) ratio - CORRECT ANSWER (cash + AR + short-term investments) / current liabilities debt to assets ratio - CORRECT ANSWER total liabilities/total assets FTE (full time equivalent) - CORRECT ANSWER total number of hours per employee in a week / 40 (i.e. 12+14+4...

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NAB PRACTICE EXAM 2024-2025 LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS

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NAB PRACTICE EXAM LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS Written policies and procedures are used by the facility for all of the following except: 1. To communicate what management expects in any situation 2. To prepare staff for dealing with emergency situations 3. To establish the management style for operating the facility 4. To set guidelines for staff to follow in delivery of care - CORRECT ANSWER 3 When admitted to the nursing home, which of the following is not required...

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NAB EXAM GUIDE 2024-2025 LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS

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NAB EXAM GUIDE LATEST UPDATE| QUESTIONS WITH COMPLETE SOLUTIONS A resident was admitted to a facility on November 10th. The comprehensive assessment was completed on November 27th. Per OBRA 1987, the comprehensive assessment was completed __________________. 1. Late 2. Timely 3. Within grace period 4. In accordance with OBRA 1987 - CORRECT ANSWER 1. Late The __________________ has ultimate legal responsibility for the operation of a nursing facility. 1. Medical director 2. Nursi...

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BICSI INSTALLER 1 REVIEW 2024/2025 LATEST UPDATED|| GRADED A+| VERIFIED

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BICSI INSTALLER 1 REVIEW 2024/2025 LATEST UPDATED|| GRADED A+| VERIFIED 1. A third 90-degree bend may be permitted in a conduit run if the run does NOT exceed ? A 5 m (16.5') B 10 m (33') C 15 m (50') D 30 m (100'): B 2. Which of the following is a property of an electromagnetic field built around a conductor that opposes any changes in current flow in a circuit? A Impedance B Capacitance C Inductance D Resistance: C 3. Which of the following markings is used for non-...

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