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NMLS FINAL EXAM 2024-2025| LATEST UPDATE| ULTIMATE SOLUTION
Who is responsible for ensuring that the Closing Disclosure is delivered to the consumer? 
A.The creditor 
B.The loan processor 
C.The consumer 
D. The CFPB - CORRECT ANSWER A. the creditor 
 
Which law restricts the sharing of information given when a consumer applies for a mortgage loan? 
A. Fair Credit Reporting Act 
B. FTC Disposal Rules 
C. Gramm-Leach-Bliley Act 
D. Consumer Regulatory Protection Act - CORRECT ANSWER C. Gramm-Leach-Bliley Act 
 
Which document actually contains the borro...
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- Exam (elaborations)
- • 20 pages •
Who is responsible for ensuring that the Closing Disclosure is delivered to the consumer? 
A.The creditor 
B.The loan processor 
C.The consumer 
D. The CFPB - CORRECT ANSWER A. the creditor 
 
Which law restricts the sharing of information given when a consumer applies for a mortgage loan? 
A. Fair Credit Reporting Act 
B. FTC Disposal Rules 
C. Gramm-Leach-Bliley Act 
D. Consumer Regulatory Protection Act - CORRECT ANSWER C. Gramm-Leach-Bliley Act 
 
Which document actually contains the borro...
NMLS EXAM 2024-2025| LATEST UPDATE| ULTIMATE SOLUTION
What law deals with credit, APR & advertising of consumer loans? - ANSWER 
TILA/REGULATION Z 
 
Which regulation prohibits kickbacks? - ANSWER RESPA 
 
Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - ANSWER 
HPA - Homeowners Protection Act 
 
Which regulation prohibits fee splitting? - ANSWER RESPA 
 
Regulation X is the letter used to describe which Law? - ANSWER RESPA 
 
RESPA is the acronym used to describe which law? - ANSWER Real Estate Settlement...
- Package deal
- Exam (elaborations)
- • 20 pages •
What law deals with credit, APR & advertising of consumer loans? - ANSWER 
TILA/REGULATION Z 
 
Which regulation prohibits kickbacks? - ANSWER RESPA 
 
Which regulations requires the lender to cancel PMI when the loan reaches 78% LTV? - ANSWER 
HPA - Homeowners Protection Act 
 
Which regulation prohibits fee splitting? - ANSWER RESPA 
 
Regulation X is the letter used to describe which Law? - ANSWER RESPA 
 
RESPA is the acronym used to describe which law? - ANSWER Real Estate Settlement...
2024 NMLS STUDY GUIDE | LATEST UPDATE| 215 QAs VERIFIED
1. Which of the following is NOT a TILA or RESPA mandated disclosure? Select one: 
A. Closing Disclosure 
B. Loan Estimate 
C. Mortgage Servicing Disclosure 
D. An Adverse Action Statement: D.An Adverse Action Statement 
2. Which of the following does not affect a Veterans Funding fee? Select one: 
A. Loan Amount 
B. Prior Service (Active/ Reserve) 
C. Marital Status 
D. Prior Use of Entitlement: C. Marital Status 
3. FACTA requires that if a lender uses credit scores in making or arrang...
- Package deal
- Exam (elaborations)
- • 47 pages •
1. Which of the following is NOT a TILA or RESPA mandated disclosure? Select one: 
A. Closing Disclosure 
B. Loan Estimate 
C. Mortgage Servicing Disclosure 
D. An Adverse Action Statement: D.An Adverse Action Statement 
2. Which of the following does not affect a Veterans Funding fee? Select one: 
A. Loan Amount 
B. Prior Service (Active/ Reserve) 
C. Marital Status 
D. Prior Use of Entitlement: C. Marital Status 
3. FACTA requires that if a lender uses credit scores in making or arrang...
NGN NCLEX EXAM NCLEX-PN 2025 NEXT GENERATION GRADED A+|| VERIFIED. 200 Q&As THAT PROVIDE EXPLANATION FOR EACH ANSWER. THIS IS VERY HELPFUL AND RESOURCEFUL
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Question No : 1 - 
Teaching the client with gonorrhea how to prevent reinfection and further spread is an 
example of: 
A. primary prevention. 
B. secondary prevention. 
C. tertiary prevention. 
D. primary health care prevention. 
Answer: B 
Explanation: 
Secondary prevention ...
- Exam (elaborations)
- • 105 pages •
NGN NCLEX EXAM NCLEX-PN 2025 NEXT GENERATION GRADED A+|| VERIFIED. 200 Q&As THAT PROVIDE EXPLANATION FOR EACH ANSWER. THIS IS VERY HELPFUL AND RESOURCEFUL 
NCLEX EXAM NCLEX-PN 
Questions with Answers and Explanations. 
Question No : 1 - 
Teaching the client with gonorrhea how to prevent reinfection and further spread is an 
example of: 
A. primary prevention. 
B. secondary prevention. 
C. tertiary prevention. 
D. primary health care prevention. 
Answer: B 
Explanation: 
Secondary prevention ...
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