Loan components - Study guides, Class notes & Summaries
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NASCLA Test 1 Questions and Answers Already Passed
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NASCLA Test 1 Questions and Answers 
 
Already Passed 
 
____ and _____ are two essential parts to a business plan 1. Planning Tool 
 
2. Loan Document 
 
3. Investor Document 
 
4. Benchmarking Tool 
 
Select two standard components of a business plan 1. Marking Strategy 
 
2. Executive Strategy 
 
_____ is the biggest drawback of a sole proprietorship. Unlimited Personal Liability 
 
If you are a sole proprietor and complete work under a name that is not your own, you would be 
required to fil...
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HRTM 421 Final (Chapter 9: Hospitality Industry Applications of Time Value of Money, Concepts and Skills) With 100% accurate answers
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Loan Components correct answers -principle 
-debt service 
-interest rate 
-amortization rate 
 
Principal correct answers The amount of money borrowed 
 
Debt Service correct answers fixed payments to the bank 
 
Interest Rate correct answers The percentage of a loan amount you pay in order to borrow the money 
-this is the interest percent they put on the amount you borrow from the bank b/c they aren't just going to give it to you for free 
 
Amortization Rate correct answers the number of ...
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Fincert Texan Smart Exam Questions With 100% Correct Answers.
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Fincert Texan Smart Exam Questions 
With 100% Correct Answers. 
________ is a contractual agreement whereby a borrower receives something of monetary value 
now and agrees to repay the lender at a later date. - answercredit 
Credit addresses what? - answerThe concepts of obtaining and utilizing credit wisely 
True or False: Good credit can take years to establish yet only months to destroy. - 
answertrue 
What is the FCRA? - answerThe Fair Credit Reporting Act 
why is the FCRA important? - answe...
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NMLS PRACTICE TEST 2023 QUESTIONS WITH COMPLETE SOLUTIONS
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NMLS PRACTICE TEST 2023 
QUESTIONS WITH COMPLETE 
SOLUTIONS 
 
An annual escrow analysis is used to do which of the following? 
A. Ensure the loan is properly amortized 
B. Prevent escrow overages 
C. Reduce burden on the servicer 
D. Report underwriting errors -CORRECT ANSWER 
-- B. Prevent escrow overages 
The disclosure requirements of RESPA would apply to which of the following 
loans? 
A. A loan to purchase 75 acres of land 
B. A farm loan 
C. A loan to purchase a property that includes a g...
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PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A.
- Exam (elaborations) • 61 pages • 2023
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PRIMERICA LIFE INSURANCE EXAM. All Most Examined Questions Bank with answers. 100% verified. Rated A. 
 
 
 
An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? 
 
a. mutual 
b. reciprocal 
c. nonprofit service organization 
d. stock - A. mutual 
 
funds not paid out after paying claims ...
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NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND ABOVE PASSRATE GUARANTEE
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NMLS PRACTICE TEST EXAM PROFIENCY HARD QUESTIONS 2022- 
2024 / NATIONWIDE MORTGAGE LICENSING SYSTEM PRACTICE 
TEST HARD QUESTIONS WITH CORRECT ANSWERS|53% AND 
ABOVE PASSRATE GUARANTEE 
MUST NOT MISS 
 FEDERAL MORTGAGE RELATED LAW 
 UNIFORM STATE CONTENT 
 GENERAL MORTGAGE LAW 
 MORTGAGE LOAN ORIGINATION 
 ETHICS 
An annual escrow analysis is used to do which of the following? 
A. Ensure the loan is properly amortized 
B. Prevent escrow overages 
C. Reduce burden on the servi...
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RECA Residential Exam Questions And Answers Rated A+
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5 C's of Borrower Credit - Answer-Character, Capital, Capacity, Collateral, Credit 
5 Ds of Role Clarity - Answer-1. Discuss 
2. Determine 
3. Document 
4. Disclose 
5. Do 
Abandoned wells - Answer-- physical threat 
- allowing surface runoff to directly enter an aquifer 
- permitting cross contamination of different aquifers by a well bore 
can tell that its running dry 
- air bubbles in waterline 
- no water flow 
- water outages after heavy use 
- pump does not produce as much water as it us...
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 (100% Correct)
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45 Hour Post License Real Estate Florida Test Questions With Answers Latest Updated 2024/2025 (100% Correct) The three types of operating expenses of an income property are 
A) 
fixed, debt service, and reserves for replacements. 
B) 
reserves for replacements, fixed, and variable. 
C) 
variable, income taxes, and fixed. 
D) 
reserves for replacements, variable, and income taxes. correct answers B) 
reserves for replacements, fixed, and variable. 
Explanation 
Operating expenses are divided into...
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NMLS SAFE EXAM Questions And Answers (Verified And Updated)
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NMLS SAFE EXAM Questions And 
Answers (Verified And Updated) 
Where credit institutions originate loans - answerPrimary Mortgage Market 
When an ARM has rate caps of 5/2/6, the 6 refers to what? 
A. The maximum rate increase at the initial adjustment 
B. The start rate for the loan 
C. The maximum the rate can increase over the life of the loan 
D. The rate maximum the rate can decrease over the life of the loan - answerC. The 
maximum the rate can increase over the life of the loan 
When utiliz...
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Compucram questions with correct answers
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An objective of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 is to Answer eliminate unfair practices relating to compensation paid to mortgage loan originators. 
 
The Federal Reserve Board crafted a ruling, the Federal Reserve Loan Originator Compensation Rule, which, as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, set standards to prevent unfair practices by mortgage loan originators related to compensation paid by borrowers. 
 
Lo...
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