NMLS

  1. HOEPA:



    D. ALL OF THE OBOVE
  2. THE ESTIMATE OF LOAN COSTS GIVEN TO THE BORROWER WITHIN THREE DAYS OF APPLICATION



    D. GFE
  3. THE GFE IS A REQUIREMENT OF



    A. RESPA
  4. CERTAIN LENDERS ARE REQUIRED TO REPORT DATA ON THEIR BORROWERS IN ORDER TO DETERMINE HOW THE NEEDS OF THE COMMUNITY A BEING MET BY WHAT LAW?



    D. HMDA
  5. ACT WHICH REQUIRES THE DISCLOSURE OF CREDIT TERMS AND COST



    C. CONSUMER CREDIT PROTECTION ACT OF 1968
  6. THE LAW THAT PROHIBITS DISCRIMINATION



    D. ECOA
  7. APR IS CALCULATED BY USING THE NOTE RATE PLUS



    B. ALL FINANCE CHARGE
  8. THE STATEMENT THAT TELLS A BORROWER WHAT THE ACTUAL COST OF THE LOAN IS GOING TO BE IS THE



    D. HUD1
  9. THE REAL ESTATE SETTLEMENT PROCEDURE ACT WAS DESIGNED TO



    D. BOTH B AND C
  10. RESPA APPLIES TO



    A. ALL REAL ESTATE TRANSACTIONS INCLUDING UNDEVELOPED LAND
  11. RESPA REQUIRES THAT THE HUD1 SETTLEMENT STATEMENT BE GIVEN TO THE BORROWER



    D. ALL OF THE ABOVE
  12. RESPA REQUIRES THAT



    D. ALL OF THE ABOVE
  13. WHAT IS THE AMOUNT OF THE CUSHION ALLOWED IN THE ESCROW ACCOUNT ACCRODING TO RESPA?



    A. $50 OVER THE 1/5 OF THE ANNUAL DISBURSEMENTS
  14. HOW MUCH IS ALLOWED TO BE TAKEN FOR THE ESCROW ACCOUNT MONTHLY ACCORDING TO RESPA LAW?



    D. 1/12
  15. RESPA DICTATES THAT THE SERVICING TRANSFER STATEMENT BE DELIVERED TO THE BORROWER



    C. AFTER CLOSING
  16. RESPA DICTATES THAT THE SERVICING DISCLOSURE BE GIVEN



    A. AT APPLICATION
Author
SUONGTPHUNG
ID
28789
Card Set
NMLS
Description
NMLS FEDERAL LAW OVERVIEW
Updated