Nmls champion - Study guides, Class notes & Summaries
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NMLS - Champion Test Exam Questions and Answers
- Exam (elaborations) • 14 pages • 2024
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NMLS - Champion Test Exam Questions and Answers 
 
Which law sets forth escrow requirements for higher priced mortgage loans? - Answer-Truth in Lending Act 
 
Which federal act introduced the idea of a qualified mortgage? - Answer-Dodd-Frank Act 
 
The federal Truth In Lending Act - Answer-regulates advertising with references to mortgage interest rates. 
 
What action would not be considered "adverse action" according to the Fair Credit Reporting Act - Answer-granting a mortgage loan based on...
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NMLS - Champion Test Exam Questions with Correct Answers
- Exam (elaborations) • 14 pages • 2024
-
Available in package deal
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- $14.49
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Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? - Answer-FCRA 
 
Which agency manages the National Do Not Call Registry? - Answer-Federal Trade Commission 
 
Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? - Answer-The SAFE Act 
 
Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? - Answ...
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NMLS Champion Test Review Questions and Answers
- Exam (elaborations) • 15 pages • 2024
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Available in package deal
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- $8.99
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Which law regulates the activities of consumer reporting agencies and users of consumer credit reports? FCRA 
 
Which agency manages the National Do Not Call Registry? Federal Trade Commission 
 
Which act led to the Nationwide Mortgage Licensing System and Registry for the residential mortgage industry? The SAFE Act 
 
Under ECOA, providing different terms of financing for a potential borrower who has poor credit scores due to a recent bankruptcy is considered? Acceptable 
 
Which law sets fort...
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