NMLS Safe Test Mortgage Licensing Practice Exam Questions and Answers (Graded A) latest update 2023
NMLS Safe Test Mortgage Licensing Practice Exam Questions and Answers (Graded A) latest update 2023 Which federal law requires that the Loan Estimate be provided to the borrower within three business days of the time of loan application is taken? - ANSWER-TILA What type of scam entails homeowners who are encouraged to refinance their property over and over until little or no equity remains? - ANSWER-Loan flipping or churning After a loan closing, funds are disbursed. When are the funds disbursed for an owner-occupied, residential refinance? - ANSWER-After 3 business-day rescission period What is the adjustable number used to compute the interest rate on an ARM called? - ANSWER-Index
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nmls safe test mortgage licensing practice exam questions and answers graded a latest update 2023
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