Deed answer the le - Study guides, Class notes & Summaries

Asvab Exam 507 Questions with Verified Answers Amain - CORRECT ANSWER Archaic or full speed Abandon - CORRECT ANSWER Relinquish Abducted - CORRECT ANSWER Kidnap Aberration - CORRECT ANSWER Desviation of course Abhor - CORRECT ANSWER Detest, offensive, abhorrent Abridge - CORRECT ANSWER Shorten, condense Abrupt - CORRECT ANSWER Brusque Absent - CORRECT ANSWER Away, nonexistent, off, unavailable Abundant - CORRECT ANSWER Overflowing, excess Accommodation - CORRECT ANS...

ECOA is Regulation ______ - ANSWER-Regulation B TILA is administered by ______ - ANSWER-CFPB HOEPA considers a loan to be high cost if total charges to borrower exceeds ______ % of loan amount? - ANSWER-5% For reverse mortgage, TILA disclosure must be delivered how many days prior to closing? - ANSWER-7 days Home Mortgage Disclosure Act (HMDA) implemented by _____ - ANSWER-FRB Loan amount, gender, race, & age; which is not required on HMDA? - ANSWER-Age HMDA does not - ANSWER-S...

What type of MLO must be licensed? A. an MLO of a savings and loan B. An MLO of a commercial bank C. Building and Loan Association MLO D. An MLO of a non-depository firm that arranges mortgages for clieents - ANSWER-D What is the difference between mortgage lenders and brokers? - ANSWER-Mortgage lenders make loans and mortgage brokers arrange loans What best defines a mortgage broker? A. Serves as an intermediary between a borrower and the actual lender B. Makes loans by. funding fro...

Aceable Agent - Law of Contracts Solved Completely!! Aceable Agent - Law of Contracts Solved Completely!! DEED - ANSWER The legal written document that conveys the intangible ownership rights (title) of a real estate property to another property. DEED OF TRUST - ANSWER A security instrument that places the deed to the property in a trust held by the lender until a mortgage is paid off, when the trustee will transfer the deed to the borrower. TRUSTEE VS TRUSTOR - ANSWER A trustee is an ...

Reg B - ANSWER ECOA Reg C - ANSWER HMDA Reg G - ANSWER SAFE - registered Reg H - ANSWER SAFE - licensed Reg N - ANSWER MAP Rule Reg P - ANSWER GLB Act Reg V - ANSWER FCRA Reg X - ANSWER RESPA Reg Z - ANSWER TILA LE - ANSWER Requires business days to include all days open Does count for business days for CD include Saturdays? - ANSWER No - requires business days to include all but Sun/Holidays Elements of a Completed Application - ANSWER Name Address Subject pro...

CFPB - ANSWER-Consumer Financial Protection Bureau: Part of the Dodd-Frank Act passed in 2010. It is focused on one goal: watching out for American consumers in the market for consumer financial products and services. This includes ensuring that consumers get the information they need to make the financial decisions they believe are best for themselves and their families by making sure prices are clear upfront, risks are visible, and that nothing is concealed in fine print. Responsibilities: -...

Mock Exam questions and answers correctly answered latest 2023Residual income is the amount of income available for family support after taxes and social security expense have been subtracted from the gross income and after PITI and other long-term debt has been paid. Response: True Feedback: See Course 6, Lesson 1 FHA Case Numbers are tied to the property, not the borrower. Response: True Feedback: See Course 5, Lesson 1 What is the minimum coverage required on the hazard insu...

Obligation 1. Unless the law or the stipulation of the parties required another standard of care, the obligation to give a thing carries with it the obligation to take care of it with: a. Extra ordinary diligence b. Ordinary diligence c. Diligence of a good father of a family d. Answer not given RPCPA 0591 2. The buyer of a thing has the right to the fruits of the thing: a. From the time the thing bought is delivered. b. From the time the sale is perfected. c. From the time the obligation to del...

Champion Real Estate Prep Questions With New Update Solutions 1 appointed by governor - Answer-How many public members are in the Broker Lawyer Committee and who appoints them? /.1 year with HUD and 2 years with courts - Answer-Victims of FFHA have up to ____ yrs to seek mediation through HUD and up to ______ yrs to file with courts /.1. Amount Borrowed 2. Due date 3. Rate of interest 4. Payment amount - Answer-A promissory note has what 4 things? /.1. Base lines 2. Meridians 3. Se...

The type of deed that warrants only that the grantor has not impaired the title during the term in which he held it is referred to as. 1. Quitclaim Deed 2. General Warranty Deed 3. Bargain and Sale Deed 4. Bargain and Sale Deed, CAG - Answer- Bargain and Sale Deed, CAG Taxes raised to pay for improvements that benefit real estate are referred to as 1. Special Assessments 2. Facilities Taxes 3. Ad Valorem Taxes 4. Luxury Rates - Answer- Special Assessments After Borrowers ...