Nmls test - Study guides, Class notes & Summaries

NMLS TEST-Affinity Study Practice Questions 2024.What law deals with credit, APR & Advertising of consumer loans? - correct answer TILA Which regulation prohibits kickbacks? - correct answer RESPA Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? - correct answer HPA-Homeowners Protection Act Which Regulation prohibits fee splitting? - correct answer RESPA Regulation X is the letter used to describe which law? - correct answer RESPA RESPA is the acr...

__________ occurs if the lender chooses the hazard insurance company when the borrower allows the policy to lapse. - Forced-placed insurance "APR" means? - Annual percentage rate. This is the cost of credit expressed as a percentage. A borrower is refinancing his home. How much time does Reg Z give him to change his mind? - 3 days A co-borrower whose income is used to qualify must sign the: - Mortgage and the note A deed is: - A legal instrument that conveys title to real property. A fu...

Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct Practice NMLS Test - 20 Hour Safe Questions and Answers 100% Correct An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - ANSWER-d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calenda...

MLO SAFE NMLS Test | Questions with 100% Correct Answers | Latest Update 2024 | Verified

NMLS TEST-Affinity Questions and Answers 100% Correct NMLS TEST-Affinity Questions and Answers 100% Correct NMLS TEST-Affinity Questions and Answers 100% Correct NMLS TEST-Affinity Questions and Answers 100% Correct What law deals with credit, APR & Advertising of consumer loans? - ANSWER-TILA Which regulation prohibits kickbacks? - ANSWER-RESPA Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? - ANSWER-HPA-Homeowners Protection Act Wh...

Practice NMLS Test - 20 Hour Safe Correctly Answered 2024. An application must be accompanied by fingerprints when applying for a. Licensed MLO b. Registered MLO c. not required d. required for both licensed and registered MLO - correct answer d Quarterly mortgage call reports must be filed a. within 30 days of the end of the calendar quarter b. within 30 days of the end of the fiscal quarter c. within 45 days of the end of the calendar quarter d. within 45 days of the end of the...

NMLS Test Prep CompuCram Test Questions with correct answers.

What law deals with credit, APR & Advertising of consumer loans? - correct answer TILA Which regulation prohibits kickbacks? - correct answer RESPA Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? - correct answer HPA-Homeowners Protection Act Which Regulation prohibits fee splitting? - correct answer RESPA Regulation X is the letter used to describe which law? - correct answer RESPA RESPA is the acronym used to describe which law? - correct answer Real Est...

Payments for qualified mortgages must be based on - Answer the maximum interest rate that will apply during the first five years after the date of the first payment. Which of the following fees is not included in the calculation of the finance charge for a mortgage? - Answer fees charged by an unaffiliated appraiser. Finance charges always include fees charged by the creditor, charges by an affiliate of the creditor, and fees charged by a third-party provider required by the creditor. Fees ...