Finra licensing Study guides, Class notes & Summaries

NMLS Exam Questions with Correct A Acceleration Clause - Answer-Allows lenders to demand payment in full if the borrower defaults on the loan (can be construed as predatory lending) Alienation Clause (Due on Sale Clause) - Answer-Says you must repay your mortgage if you sell your home to a new owner (loan is not assumable) Appraiser Independance Requirements replaced HVCC - Answer-home valuation code of conduct Due on Demand Clause - Answer-(Considered a predatory practice) The lender ...

Regulations Finra Rules Questions and Answers 100% correct 2023 All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides securities can be traded on margin C the Securities and Exchange Commission has regulatory authority over the securities markets and its participants D the MSRB has regulatory authority ...

SIE EXAM 2024 LATEST UPDATE QUESTIONS AND VERIFIED ANSWERS GRADED A++ Federal Reserve Board Founded on December 23rd 1913, to oversee financial panics. Independent of direct political influence. Federal Reserve Act was passed to stabilize prices, maximize employment, moderate long term interest. FINRA vs MSRB FINRA oversees brokerage firms and their associated persons. MSRB- regulates the municipal securities market including dealers, municipal advisers, and issuers. Municipal Securiti...

NMLS EXAM 1 Questions with solutions 2024 1) Mortgage loan fraud is reported at what level? A. State B. Federal C. County D. City B. Mortgage Fraud is reported to the FBI and to HUD ( The United States Department of Housing and Urban Development is a Cabinet department in the executive branch of the U.S. federal government) 2) Title V of the Housing and Economic Recovery Act (HERA) of 2008 is best known as: A. The SAFE Act B. RESPA C. TILA D. CRA A. S.A.F.E --The complete na...

-be at least 18 years of age -be of good moral character -not have been convicted of a felony or crime -pay the required licensing fee -pass the state exam - correct answer to qualify for a license, applicant must - take and pass state exam -acquire and submit SLED criminal background check -apply for license and pay required fees - correct answer the process for acquiring license from SC is easy, you must within 90 days - correct answer SLED background check application must be rec...

be at least 18 years of age -be of good moral character -not have been convicted of a felony or crime -pay the required licensing fee -pass the state exam - ANSWERSto qualify for a license, applicant must - take and pass state exam -acquire and submit SLED criminal background check -apply for license and pay required fees - ANSWERSthe process for acquiring license from SC is easy, you must within 90 days - ANSWERSSLED background check application must be received ___ days after it w...

Finra Rules Questions and Answers 100% correct 2023 All of the following statements are true regarding the U.S. securities markets EXCEPT: A FINRA has regulatory authority over the markets and market participants in the trading of all non-exempt securities B the Federal Reserve Board decides securities can be traded on margin C the Securities and Exchange Commission has regulatory authority over the securities markets and its participants D the MSRB has regulatory authority over the mar...

What is a certified financial planner (CFP) or personal financial specialist (PFS)? - Answer-The professional certification for personal financial planners is CFP (Certified Financial Planning) CPAs specializing in financial planning can earn PFS (Personal Financial Specialist) Do you have to be a CFP or PFS before you can legally do financial planning? - Answer-No Generally, do you have to be licensed to sell investment advice or financial securities? - Answer-Selling financial securitie...

Which corporate voting procedures entitles a shareholder to one vote per share, and votes must be divided evenly among the candidates being voted on? - Statutory voting What market refers to the trading of exchange-listed securities in the over-the-counter market? These trades allow institutional investors to trade blocks of securities directly, rather than through an exchange, providing liquidity and anonymity to buyers. - Third market An investor sells a naked call on Omikron for a $250 ...

Comptia Cloud Essentials Practice Questions and Answers | Graded A Benefits of using Digital Marketing - Correct Answer ️️ -Better Customer Engagement Real-time results, monitoring, and optimization Enhanced Analytics Campaign Automation and Integration Lower Costs Compaction - Correct Answer ️️ -Process of deleting expired data to make room for new data SaaS - Correct Answer ️️ -A software licensing and delivery model where applications are accessed over the internet IaaS...