Mlo mortgage knowledge - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Mlo mortgage knowledge? On this page you'll find 32 study documents about Mlo mortgage knowledge.
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NMLS EXAM 2022 ANSWERED CORRECTLY
- Exam (elaborations) • 31 pages • 2022
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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 can 
demand repayment of the loan in fu...
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MLO PACKAGE DEAL
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