NMLS SAFE EXAM QUESTIONS WITH VERIFIED ANSWERS

NMLS SAFE EXAM QUESTIONS WITH VERIFIED ANSWERS Where credit institutions originate loans When an ARM has rate caps of 5/2/6, the 6 refers to what? When utilizing a temporary buydown to lower the interest rate on a FHA loan, which of the following are correct All of the following are violations of the Fair Housing Act EXCEPT Claim against property held by one who is not the legal owner Advertised term that requires additional disclosures An advertisement must be presented "clearly and conspicuously" to keep from being deceptive, unfair, or otherwise violate a Commission rule Extenuating circumstances such as "bona fide personal financial emergency Right that borrowers have to cancel a loan or line of credit with a lender within three days of closing When creditors office is open to the public, a calendar working day except Sunday or a federal holiday Financial information used for purposes of obtaining an extension of credit The act of making new information known