Safe mlo exam prep - Study guides, Class notes & Summaries

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-Set lending...

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-Set lending...

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-Set lending...

SAFE MLO Exam Prep With Complete Solution...

SAFE Exam Practice Questions ( A+ GRADED 100% VERIFIED) COMPLETE SOLUTION The role of a mortgage loan originator does NOT include which of the following? Helping a client obtain a residential mortgage loan Negotiating the terms of a residential mortgage loan Helping a client apply for a residential mortgage loan Performing only administrative tasks on a residential mortgage loan - ANS administrative tasks (Uniform State Content Test Prep) A loan application must be properly processed...