S.A.F.E Mortgage Loan Originator Exam (2023) Questions & 100% Correct Answers
S.A.F.E Mortgage Loan Originator Exam (2023) Questions & 100% Correct Answers S.A.F.E Mortgage Loan Originator Exam (2023) Questions & 100% Correct Answers Pre-Texting is what? - ANSWER - Fraudulently obtaining personal information FTC implements what? - ANSWER - The DO NOT CALL registry FCC Implements what? - ANSWER - The DO NOT FAX registry Safe Guard is Implement by what Act? - ANSWER - GLBA If a Consumer inquires about a product, the business relation ship is good for how long? - ANSWER - 90 Days or 3 months If a Customer purchases a product, the business relationship is good for how long? - ANSWER - 18 Months How long will a persons name remain on the DO NOT CALL list? - ANSWER - Forever Red Flag Rules are implement by under what Act? - ANSWER - FACTA RESPA is implemented by? - ANSWER - Regulation X GFE's are required by? - ANSWER - RESPA RESPA was implemented for what? - ANSWER - 1) disclosure of costs. 2) eliminate kick backs. 3) Max escrow balance amounts. 4) record of land title info. Once application has been received,Initial disclosures including a GFE must be delivered to the borrowers with in? - ANSWER - 3 Business Days Borrowers must be notified of Service Transfers how many days prior? - ANSWER - 15 Days Affiliated Business Relationship - ANSWER - Person who is in a position to refer business Associate is - ANSWER - Spouse or Parent TILA is part of? - ANSWER - Consumer Credit Protection Act Trigger Terms require? - ANSWER - APR disclosure
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