This class was created by Brainscape user Michael Shultz. Visit their profile to learn more about the creator.
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Michael Shultz
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Decks in this class (22)
Regulations
What does respa stand for,
Respa applies to what transactions,
What is the regulation that prohi...
3
cards
RESPA
If a seller requires the borrower...,
The lender can require how much t...,
What does section 8 of respa proh...
12
cards
Nontraditional Loans
How does the interagency guidance...
1
cards
Acronyms
Acronym aarmr,
Acronym fcra,
Hmda
7
cards
TILA
What are the four disclosures tha...,
What are the pre settlement discl...,
What are the settlement disclosures
11
cards
Practice
Which of the following determines...,
Which document advises the borrow...,
The primary purpose of tila is
23
cards
TRID
The lender has __ days after clos...,
A service transfer disclosure mus...
2
cards
HOEPA
The criteria for a high cost loan...,
Higher priced loans are ones in w...
2
cards
ECOA
How long does a lender have after...,
Under ecoa how long must the lend...
2
cards
HMDA
Hmda requires lenders to maintain...
1
cards
FCRA
How long can cras keep a bankrupt...,
What is the purpose of the fair c...,
Under the fcra borrowers are enti...
3
cards
FACTA
What is facta,
What are the main things facta ac...
2
cards
HPA
What is the homeowner s protectio...,
Under the homeowners protection a...
2
cards
Ability To Repay and QM
What is the ability to repay rule...
1
cards
BSA
What is the purpose of the bank s...,
Under the bsa companies are requi...
2
cards
GLB
What s the purpose of th gramm le...,
What are the three principal part...
2
cards
Study Guide
Til disclosures include 4,
If there was an excessive varianc...,
On a loan with multiple co signer...
45
cards
SAFE Act
Loan originator organizations mus...,
How many times can an applicant t...,
Lo s must retake the nmls exam af...
3
cards
Loan Types
The minimum down payment on an fh...,
A va appraisal is known as a ___,
What is the late fee for an fha o...
12
cards
Calculations
The employee makes 1000 a week wh...,
The employee works 37 hours a wee...,
The purchase price is 300 000 the...
3
cards
ProSchools
Safe act requirements apply to lo...,
The nmls was established by,
The transfer of title to real pro...
36
cards
Practice Exam 2
A 100 000 loan has a 1 000 monthl...,
If a provider offers both reduced...,
An fha loan is a loan that is a s...
23
cards
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NMLS
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