Respa reg x Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Respa reg x? On this page you'll find 104 study documents about Respa reg x.
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Loan Officer - NMLS exam with complete solutions
- Exam (elaborations) • 43 pages • 2023
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ECOA - REG B 
Equal Credit Opportunities Act 
 
If App for Cedit is Denied based on Appraisal, Borrower has 90 days to request a copy then Lender has 30 days to deliver 
 
 
 
HMDA - REG C 
Home Mortgage Disclosure Act 
 
Found in: 
Section 10 of 10-03 Loan App 
Government Monitoring Section 
 
Eliminates / Identifies Possible Discrimination 
 
 
 
RESPA - REG X 
Real Estate Settlement Procedures Act 
 
 
 
TIL/TILA - REG Z 
Truth in Lending Act (2015) 
 
Deals with: (Of Consumer Loans) 
Credit ...
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NMLS Laws and Regulations| 336 QUESTIONS| WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 35 pages • 2022
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CFPB Correct Answer: Consumer Financial Protection Bureau 
 
What does the CFPB do? Correct Answer: Regulates RESPA, TILA, ECOA, and HMDA 
 
FTC Correct Answer: Federal Trade Commission 
 
What does the FTC do? Correct Answer: Monitors Red Flag Rules 
 
RESPA Correct Answer: Real Estate Settlement Procedures Act 
 
What does RESPA do? Correct Answer: •Protects homeowners of Single, 1-4 family dwellings, condos, & homes manufactured on lot. 
•Educates borrowers costs of loan 
• Elimi...
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NMLS Laws and Regulations Exam Questions with Complete Solutions
- Exam (elaborations) • 36 pages • 2024
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NMLS Laws and Regulations Exam Questions with Complete Solutions 
 
RESPA - Answer-Real Estate Settlement Procedures Act 
 
What does RESPA do? - Answer-•Protects homeowners of Single, 1-4 family dwellings, condos, & homes manufactured on lot. 
•Educates borrowers costs of loan 
• Eliminates kickbacks and referral fees (section 8) 
• Establishes rules for escrow 
 
What Regulation is RESPA? - Answer-Reg X (X-ray of my RESPAtory system) 
 
Who oversees RESPA? - Answer-(CFPB) Consumer Fin...
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SAFE TEST| 327 questions| with complete solutions
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1) Mortgage loan fraud is reported at what level? correct answer: Federal 
 
2) Title V of the Housing and Economic Recovery Act (HERA) of 2008 is best known as: correct answer: SAFE ACT 
 
3) The Nationwide Mortgage Licensing System & Registry (NMLS) was begun by which of the following organizations: correct answer: CSBS and AARMR 
 
4) The NMLS online system was built and is maintained by which of the following organizations: correct answer: FINRA 
 
7) Which of the following agencies revi...
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MLO Top Predicted Exam Questions and CORRECT Answers
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ECOA (Reg B) Equal Credit Opportunity Act (Reg B) Prohibit discrimination 
HMDA Home Mortgage Disclosure Act (Reg C) 
requires lenders to report public loan data on both approved and denied loans 
FCRA Fair Credit Reporting Act (Reg V) 
promotes accuracy and ensures privacy of consumer credit information 
RESPA Real Estate Settlement Procedure Agreement (Reg X) disclosure laws
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NJ PSI Exam Practice Questions And Verified Correct Answers Guaranteed Success.
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A real estate licensee has a buyer agency agreement. What is the seller in this situation? - correct answer customer 
 
An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? - correct answer He must exercise his option under the terms of the option contract 
 
When can a landlord evict a disabled...
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Loan Officer – NMLS Questions and Answers Graded A+
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Loan Officer – NMLS Questions and Answers Graded A+ 
Document Content and Description Below 
Loan Officer – NMLS Questions and Answers Graded A+ ECOA - REG B Equal Credit Opportunities Act If App for Cedit is Denied based on Appraisal, Borrower has 90 days to request a copy then Le nder has 30 days to deliver HMDA - REG C Home Mortgage Disclosure Act Found in: Section 10 of 10-03 Loan App Government Monitoring Section Eliminates / Identifies Possible Discrimination RESPA - REG X Real Estate ...
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NMLS Test Questions with accurate answers, Graded A. 2022/2023
- Exam (elaborations) • 16 pages • 2023
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NMLS Test Questions with accurate answers, Graded A. 2022/2023. 
Document Content and Description Below 
NMLS Test Questions with accurate answers, Graded A. 2022/2023. If an application for credit is DENIED based on the appraisal under ECOA (Reg B), how many days does the borrower have to request a copy and how many days does the lender have to deliver? - The borrower has 90 to request and the lender as 30 days to deliver. Appraisal equals? - Value What law allows the borrower to challenge the ...
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Loan Officer - NMLS QUESTIOS AND ANSWERS
- Exam (elaborations) • 31 pages • 2022
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ECOA - REG B - Answer - Equal Credit Opportunities Act 
 
If App for Cedit is Denied based on Appraisal, Borrower has 90 days to request a copy then Lender has 30 days to deliver 
 
HMDA - REG C - Answer - Home Mortgage Disclosure Act 
 
Found in: 
Section 10 of 10-03 Loan App 
Government Monitoring Section 
 
Eliminates / Identifies Possible Discrimination 
 
RESPA - REG X - Answer - Real Estate Settlement Procedures Act 
 
TIL/TILA - REG Z - Answer - Truth in Lending Act (2015) 
 
Deals with: ...
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NMLS Test 166 QUESTIONS WITH COMPLETE SOLUTIONS
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If an application for credit is DENIED based on the appraisal under ECOA (Reg B), how many days does the borrower have to request a copy and how many days does the lender have to deliver? Correct Answer: The borrower has 90 to request and the lender as 30 days to deliver. 
 
Appraisal equals? Correct Answer: Value 
 
What law allows the borrower to challenge the value stated in the appraisal? Correct Answer: ECOA (Reg B), Equal Credit Opportunity Act 
 
What is ECOA? Correct Answer: Equal Cr...
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