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Every person who makes a false sworn statement to a Notary Public, with knowledge that the statement is false, to induce the Notary Public to perform an improper notarial act on an instrument or document affecting title to, or placing an encumbrance on, real property consisting of a single-family residence containing not more than four dwelling units is guilty of a _________. A. Infraction B. Felony C. Misdemeanor - B. Felony A commissioned Notary Public embezzled funds from their employe...

A Person may legally ride in the back of a pickup truck when: Correct Answer-In secured seats and using approved safety belts You can be fined up to $1,000 and jailed for six months if you are cited for Correct Answer-Dumping or abandoning an animal on a highway When can you drive using only your parking lights? Correct Answer-Under no circumstances Driving slower than the traffic flow tends to: Correct Answer-Make a collision more likely to happen If your vehicle starts to hydroplane, you...

A Person may legally ride in the back of a pickup truck when: Correct Answer-In secured seats and using approved safety belts You can be fined up to $1,000 and jailed for six months if you are cited for Correct Answer-Dumping or abandoning an animal on a highway When can you drive using only your parking lights? Correct Answer-Under no circumstances Driving slower than the traffic flow tends to: Correct Answer-Make a collision more likely to happen If your vehicle starts to hydroplane, you...

"Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same lender. Which of the following statements is incorrect? A. The lender must make due...

A borrower cannot be required to pay interest on the principal balance of a loan secured by a mortgage on real property more than how many days prior the date that loan proceeds are disbursed from escrow? Answers A. One (1) day B. Three (3) days C. Five (5) days D. Seven (7) days A. A borrower's file requires a VOD, however currently, the borrower has no money but is expecting an inheritance check. What can the MLO do? Answers A. The MLO may request the VOD takes place after the fun...

"Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same lender. Which of the following statements is incorrect? A. The lender must make due...

"Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same lender. Which of the following statements is incorrect? A. The lender must make due...

"Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C correct answers D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same lender. Which of the following statements is incorrect? ...

California State NMLS Practice Test "Federal banking agencies" include: Answers A. The Director of the Office of Thrift Supervision, the Board of Governors of the Federal Reserve System, and FDIC B. Fannie Mae and Freddie Mac C. The Comptroller of the Currency and the National Credit Union Administration D. A and C - ANSWER-D. A borrower approaches a lender to refinance their existing negative amortization loan, which was originated by that same lender. Which of the following stateme...