Papersbyjol

A licensed loan originator who is an instructor of an approved Continuing Education course may receive credit for the licensed loan originator's own annual Continuing Education requirement at the rate of: a) One hour of credit for every one hour taught. b) Two hours of credit for every one hour taught. c) Three hours of credit for every one hour taught. d) Instructors may not receive credit in this way - ANSWERb) Two hours of credit for every one hour taught. A loan originator is: a) ...

How long does an owner have to fix a significant violation that does not pose an imminent threat to human health and safety or environment before being issued a red tag? a) 24 hours b) 48 hours c) 7 days d) 30 days - ANSWERc) 7 days; CCR 2717.1(b) Which one of the following can perform ELD? a) licensed tank tester b) licensed state contractor c) ICC certified service technician d) Professional Engineer - ANSWERa) licensed tank tester; CCR2644.1 and 2643(f); HSC 25484.4 Which one co...

Depository Institution - ANSWERAny bank or savings association covered by the Federal Deposit Insurance Act. Bank--someone who has credit cards Immediate Family Member - ANSWERThis includes parent, child, spouse, sibling, grandparent, grandchild, adoptive relationships, stepchild and stepparent. No aunts, uncles and cousins. Mortgage Loan Originator - ANSWERAn individual who helps a consumer obtain or apply for a residential mortgage loan. By definition, the mortgage loan originator expect...

A loan originator who applies to be licensed again must: - ANSWERcomplete the Continuing Education requirements for the last year in which the license was held A loan originator is: - ANSWERAn individual who takes a residential mortgage loan application and offers or negotiates terms of a residential mortgage loan for compensation or gain All of the following are required to be licensed except: - ANSWERan individual negotiating a residential mortgage loan with or on behalf of an immediate ...

A borrower received $1,000 per month in rental income. How much of the income may be used to qualify the borrower for a loan? A. $1,000 B. $800 C. $750 D. $1,250 - ANSWERC. $750 Generally, 75% of rental income may be used to qualify a borrower for a loan. This formula is based on an industry standard that taxes, insurance, and maintenance costs will equal about 25% of the income that a property generates. In this case, 75% x $1,000 = $750. What is Freddie Mac's automated underwrit...

Jerome Bruner - ANSWERReadiness, Modes of representation (enactive, iconic, symbolic) A child can learn any subject at their appropriate developmental level Schema Anti-behaviorism Education as discovery Spiral curriculum Constructivism Richard Colwell - ANSWERAmerican Researcher and University instructor Editor of Handbook of Research on Music Teaching and Learning Believes that music educators should see accountability as opportunity Created the MAT test (different from Gordon'...

Formula of Humanity - ANSWERMorality requires that we treat all rational beings as ends to be respected and promoted. And that we never treat them merely as a means to an end including the end of maximizing utility for the greatest number. Eudaimonia - ANSWERHappiness, Blessedness, or Flourishing - Stable - Same for Everyone - Related to the Divine Price - ANSWERValue of things. - Can be measured on a scale - Can be traded for things of the same price Eudaimonia - ANSWERHappiness,...

CSBS and AARMR - ANSWERwho established the NMLS & got together to write the SAFE act before sending it to HUD. they got together and wrote HERA which then led too creation of SAFE act Aunt - ANSWERall of the following are considered immediate family members and there fore an MLO may ne gotiate mortgage terms on their behalf

Type A Fire Extinguisher - ANSWERPuts out paper, wood, cloth, rubbish fires. Type B Fire Extinguisher - ANSWERPuts out flammable and combustible liquids. Type C Fire Extinguisher - ANSWERPuts out electrical fires. According to CCR, Title 23 UST Regulations, what is the frequency that the monitor system certification must be performed? - ANSWER12 month

From the first implementation of the licensing requirements of the SAFE Act up through March 31, 2013, becoming a state licensed mortgage loan originator required the applicant to take at least two examinations - ANSWERNational Exam and State exam The Conference of State Bank Supervisors (CSBS), the American Association of Residential Mortgage Regulators (AARMR) and NMLS began working toward a revisionto the system whereby - ANSWERone test could cover both the national and the state licensing...