Loa Sign Test #4 correctly answered to pass 2023

Loa Sign Test #4 correctly answered to pass 2023The Note is the loan agreement, and it outlines the terms of the loan. - correct answer True One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that affects signing agents is the: - correct answer Closing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the HUD-1 Settlement Statement. Which document replaces the Good Faith Estimate and the "early" Truth in Lending Disclosure. - correct answer The Loan Estimate form. The new Closing Disclosure replaces which two documents as of October 2015? - correct answer The HUD- 1 and the Truth in Lending Disclosure. A Notary Signing Agent shows up to an assignment only to discover it has been rescheduled at the last minute for the following day. What is the agent required to do with the documents? - correct answer Return them to the Contracting Company Which document represents the borrower's promise to repay the loan? - correct answer Deed of Trust Mortgage If during the signing appointment the borrower divulges that the property being financed is an investment property, while the loan papers indicate it is for a primary residence, the Notary Signing Agent should: - correct answer Contact the lender's representative immediately before signing the documents.