Hud exam 2 - 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...

Which describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds - correct answerB. Deed Restrictions -Deed restrictions are legally enforceable terms that govern the use of real estate. Deed restrictions that discriminate based on any of the seven prohibited bases for discrimination are illegal and unenforceable. Which is the practice of refusing to make residential loa...

HECM Test Exam Questions And Revised Correct Answers updated 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 - ANSWERS E. Termination of agency's HUD approval Suspension of agency's HUD approval Forfeiture of remaining ...

NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct NMLS SAFE ACT MLO Exam - Federal Law Questions and Answers 100% Correct If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 mo...

Lead Inspector / Assessor Course Exam Questions And Answers (100% Solved) What agencies focus on childhood lead poisoning prevention? - Correct Answer-CDPH, HUD, EPA What is the CAL OSHA Standard for lead? - Correct Answer-Title 8 CCR 1532.1 What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing? - Correct Answer-1995 HUD Guidelines When was the revision to Chapter 7 of the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housi...

Practice Exam for EPA Model Lead Based Paint Risk Assessor Q&A 1978 - CORRECT ANSWER-When did they reduce to Lead Levels in consumer products The underside of a horizontal surface which projects beyond a wall line, such as an overhanging roof. - CORRECT ANSWER-What is a soffit? False - CORRECT ANSWER-T/F: The risk assessor should be involved in the process of selecting a contractor. 1. There are big cracks in the walls. 2. Ceiling is leaking in the bathroom and the kitchen. 3. The ...

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...

NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024. If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? A. 1 month B. 2 months C. 3 months D. 4 months - correct answer C. 3 months An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for...

Which describes the legally enforceable terms that govern the use of real estate? A. Residential security restrictions B. Deed restrictions C. Redlined Maps Government-sponsored deeds - correct answerB. Deed Restrictions -Deed restrictions are legally enforceable terms that govern the use of real estate. Deed restrictions that discriminate based on any of the seven prohibited bases for discrimination are illegal and unenforceable. Which is the practice of refusing to make residential loa...

HECM Test Exam Questions And Revised Correct Answers updated 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 - ANSWERS E. Termination of agency's HUD approval Suspension of agency's HUD approval Forfeiture of remaining ...