Hud 3 - Study guides, Class notes & Summaries

What is the maximum percent of area median income allowable for a household to qualify for a Housing Choice Voucher? - 50% Which is the maximum recommended housing ratio for renting an apartment? - 30% Eligibility requirements for down-payment assistance programs include which factors? - Income, home-buyer education, purchase price The client is considering an FHA mortgage. What is the upfront mortgage insurance premium (UFMIP) for an FHA mortgage? - 1.75% If the client was denied a mort...

The HECM Saver was introduced as an option to lower the upfront cost of a HECM by reducing the upfront mortgage insurance premium to: a. 0. b. 0.01% of the Maximum Claim Amount. c. 1% of the Maximum Claim Amount. d. 1.25% of the Maximum Claim Amount. - ANSWER-b If repairs are required but can be completed after closing, the lender will create a repair set-aside in the amount of: a. 15% of the maximum claim amount. b. 100% of the actual cost of repairs. c. 100% of the estimated cost of...

Lead Inspector / Assessor Course (Answered 100% Correctly) Latest Permanent abatement options include... Paint removal, component removal, enclosure, encapsulation What agencies focus on childhood lead poisoning prevention? CDPH, HUD, EPA What is the CAL OSHA Standard for lead? Title 8 CCR 1532.1 What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing? 1995 HUD Guidelines When was the revision to Chapter 7 of the Guidelines for the Evaluation and ...

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 - 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 three months after the inquiry or application. During this time, the company ...

Permanent abatement options include... : Paint removal, component removal, enclosure, encapsulation What agencies focus on childhood lead poisoning prevention? : CDPH, HUD, EPA What is the CAL OSHA Standard for lead? : Title 8 CCR 1532.1 What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing? : 1995 HUD Guidelines When was the revision to Chapter 7 of the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing enacted? :...

"Testing Combinations" are defined as a combination of which of the three following elements? - Room equivalent, component type and substrate 1 ppm = ? mg/kg (milligram/kilogram) - 1 1 μg/g (microgram/gram) = ? ppm - 1 1% = ? ppm - 10,000 ppm 1% equals __ ppm - 10,000 ppm A clearance inspection shall be conducted by? In accordance with? - Certified Lead Inspector/Assessor or Lead Project Monitor; Chapter 15 of HUD. A composite sample can contain up to four wipes from four different lo...

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...

Permanent abatement options include... - ️️Paint removal, component removal, enclosure, encapsulation What agencies focus on childhood lead poisoning prevention? - ️️CDPH, HUD, EPA What is the CAL OSHA Standard for lead? - ️️Title 8 CCR 1532.1 What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing? - ️️1995 HUD Guidelines When was the revision to Chapter 7 of the Guidelines for the Evaluation and Control of Lead Based Paint Hazard...

Permanent abatement options include... - Answer-Paint removal, component removal, enclosure, encapsulation What agencies focus on childhood lead poisoning prevention? - Answer-CDPH, HUD, EPA What is the CAL OSHA Standard for lead? - Answer-Title 8 CCR 1532.1 What is the Guidelines for the Evaluation and Control of Lead Based Paint Hazards in Housing? - Answer-1995 HUD Guidelines When was the revision to Chapter 7 of the Guidelines for the Evaluation and Control of Lead Based Paint Hazards...