Credit counseling agency - Study guides, Class notes & Summaries

HECM Test Exam Questions And Revised Correct Answers 2024 A borrower got her HECM loan many years ago when the lending limit for her county was $600,000. Her home is appraised for $800,000. What is the most her repayment of the loan could be? A. $600,000 B. $800,000 C. 75% of appraised value D. Net proceeds from selling the home - ANSWERS D A borrower has a $200,000 home value. What is the likely upfront cost added to the loan balance at closing? (Revisit. Where is the formula?) A...

Hecm test 5 100% Correctly Solved The objective of reverse mortgage counseling is to educate clients on - Answer- how reverse mortgages work and their implications · the appropriateness of a reverse mortgage for their personal and financial situations, and · possible financial alternatives to reverse mortgages The following topics must be thoroughly covered in every reverse mortgage counseling session - Answer- client needs and circumstances · features of a reverse mortgage · client...

HECM Test Exam Questions And Revised Correct Answers 2024 A borrower got her HECM loan many years ago when the lending limit for her county was $600,000. Her home is appraised for $800,000. What is the most her repayment of the loan could be? A. $600,000 B. $800,000 C. 75% of appraised value D. Net proceeds from selling the home - ANSWERS D A borrower has a $200,000 home value. What is the likely upfront cost added to the loan balance at closing? (Revisit. Where is the formula?) A...

HECM Test 2024 All Answers Correct A Counseling Agency's failure to follow all basic requirements required by HUD could result in which of the following: A. Termination of agency's HUD approval B. Suspension of agency's HUD approval C. Forfeiture of remaining federal grant funds D. Fines and or imprisonment E. a , b , and c F. all of the above E. Termination of agency's HUD approval Suspension of agency's HUD approval Forfeiture of remaining federal grant funds T/...

CRC practice questions 100% Correct Answers State rehabilitation agencies were mandated to increase the utilization of rehabilitation engineering by persons with disabilities by the... - Correct Answer ️️ -rehabilitation Act Amendments of 1992 The rehabilitation act amendments of 1984... - Correct Answer ️️ -Required each state rehabilitation agency to have a client assistance program The rehabilitation act of 1973 mandated... - Correct Answer ️️ -Program evaluation for state-...

Maryland State Law Exam Questions and Answers Already Passed Board Definition State Board of Professional Counselors and Therapists 6 Types of Licenses by the Board Clinical alcohol and drug Clinical marriage and family Clinical professional counselor Graduate alcohol and drug Graduate marriage and family Graduate Professional Counselor Professional Competence A counselor shall practice only within boundaries of competence Get consultation with new competencies Maintain qualification through C...

FiCEP Exam| 100 Questions| Correct 100% Which cycle describes members who are just surviving and living paycheck to paycheck? a. Earn / spend / earn / spend b. Earn / spend / borrow / spend c. Earn / spend / save d. Earn / borrow / spend / save - ANSWER a. Earn / spend / earn / spend Webinar 1 Financial counselors who don't use what they know about hemispheric thinking, may fall into the trap of: a. Assuming the member will succeed if they work with the counsellor b. Asking too ...

HECM Test (2023/ 2024 Update) Questions and Verified Answers Q: T/F The agency is not permitted to provide a copy of the counseling certificate to a borrower's lender. Answer: False. Q: What role does FHA (Federal Housing Administration) play in Home Equity Conversion Mortgages? A. FHA sells the HECM loans on the secondary market B. FHA provides a strict rule of guidelines that lenders must adhere to C. FHA insures HECM loans D. FHA first instituted but no longer plays any p...

Housing Counselor Exam - Pre Assessment Questions With Complete Solutions. Which is an eligibility factor for the Earned Income Tax Credit? Receiving wages Which situation most likely indicates a loan modification scam? The client receives a letter from a company guaranteeing a loan modification Which was instituted by Congress to better protect homebuyers following the most recent housing crisis Consumer Finance Protection Bureau 121 Which is an example of a change enacted by Consume...

Human Resources Management (DECA) Exam Study Guide. Absence - answerTime off when an employee is not at work during their normal work period. Can be scheduled or unscheduled. Absolute advantage - answerthe ability to produce a good using fewer inputs than another producer Accounts receivable - answeramounts that are currently owed to a firm Ad-hoc committee - answerCommittee formed for a specific task or objective, and dissolved after the completion of the task or achievement of the obje...