California State NMLS

California State University - Los Angeles

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California State NMLS Practice Test | 100 Questions | 100% Correct Answers

California State NMLS Practice Test | 100 Questions | 100% Correct Answers
Exam (elaborations) • 28 pages • 2022

"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 d...