NMLS Exam Questions with Verified Answers (100% Guaranteed Pass)

NMLS Exam Questions with Verified Answers (100% Guaranteed Pass) Which of the following federal regulations prohibits discrimination based on race, color, religion, sex, marital status, or national origin in a credit transaction? - Answer-ECOA According to the standard deed of trust, how soon must a borrower on an owner-occupied loan occupy the property? - Answer-within 60 days of closing In a mortgage transaction subject to RESPA that is secured by the consumer's dwelling, a Loan Estimate must be delivered or mailed within three business days after receipt of a written application and no later than: - Answer-the seventh business day before the transaction is consummated What is the tolerance allowed for variances in the APR disclosure required by the Truth-in-Lending Act in a regular transaction? - Answer-.125% Which of the following would convey a property? - Answer-warranty deed