Who does the cfpb protect Study guides, Class notes & Summaries

AYPO Real Estate Principles of Real Estate I Exam Study Guide Questions And Answers TREC has the authority under TRELA to suspend or even revoke a broker's license if: - ANS They conduct the unlawful practice of law ESAC stands for: - ANS Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? - ANS Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? ...

AYPO Real Estate Principles of Real Estate I Exam 2024 Study Guide with Correct Answers. TREC has the authority under TRELA to suspend or even revoke a broker's license if: -Answer- They conduct the unlawful practice of law ESAC stands for: -Answer-Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? -Answer-Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? -Answe...

TREC has the authority under TRELA to suspend or even revoke a broker's license if: They conduct the unlawful practice of law ESAC stands for: Education Standards Advisory Committee What refers to a location from an economic rather than a geographic standpoint? Situs. Which amendment guarantees that a citizen will not be deprived of property without due process of law? 5th Amendment. The CFPB is the: Consumer Financial Protection Bureau A professional org...

HC Exam Prep With Questions And Answers 100% Verified character - answerLenders will review a borrower's credit history, employment history, and housing stability to determine the likeliness the borrower will repay their debts capacity - answerConsistency of employment and income, Adequacy of income to repay debt, Recurring debts, Frequency and type of wages, are all considered when examining borrowers ability to repay Capital - answerhow much money a borrower has saved to pay a deposit ...

a freeway has made commuting to a distant suburban neighborhood easier, resulting in an increase in new home sales. This increase in sales is an example of the economic characteristic of A.) scarcity B.) Fixity C.) Situs D.) Modification D.) Modification The supply of Real Estate is affected by A.) Land cost B.) Building codes C.) Government regulations D.) All of these D.) All of these The least important factor affecting demand for real estate is: A.) Population Growth...

What does D.U.S.T. stand for? - correct answer Demand, Utility, Scarcity, Transferability the percentage of value or sales price that a lender is willing to finance - correct answer Loan to Value Ratio (LTV) the value of a property is equal to the sum of the contributory value of each of its component parts. - correct answer principle of contribution the forces acting on a parcel of land are always affecting the value of the land - correct answer PRINCIPLE OF CHANGE the legal use tha...

Loan-to-Value Ratio (LTV) - Answer- The percentage of the lesser of the appraised value or sales price that the lender will lend. ex: If a borrower is approved for an 80% loan, it means that the lender will loan up to 80% of the sales price or appraised value, whichever is lower. Package Mortgage - Answer- Includes both real and personal property ( fixtures and furnishings) Blanket Mortgage - Answer- Covers more than one piece of property. Wraparound Mortgage - Answer- Method of fina...

SAFE Mortgage Loan Originator Test - National Component with Uniform State Content Exam Questions With Verified Answers What does UST stand for? - answerUniform State Test Who does the CFPB protect? - answerThe Consumer Financial Protection Bureau protects consumers in the financial marketplace. What does the CFPB do? - answerCFPB is now in charge of implementing and enforcing most of the provisions of federal lending laws that relate to protecting consumers while they are shopping for,...

NMLS Laws and Regulations Latest Updated 2022 Rated A CFPB Consumer Financial Protection Bureau What does the CFPB do? Regulates RESPA, TILA, ECOA, and HMDA FTC Federal Trade Commission What does the FTC do? Monitors Red Flag Rules RESPA Real Estate Settlement Procedures Act What does RESPA do? •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...

HC Exam Prep With Questions And Answers 100% Verified character - answerLenders will review a borrower's credit history, employment history, and housing stability to determine the likeliness the borrower will repay their debts capacity - answerConsistency of employment and income, Adequacy of income to repay debt, Recurring debts, Frequency and type of wages, are all considered when examining borrowers ability to repay Capital - answerhow much money a borrower has saved to pay a deposit ...