MLO SAFE NMLS safe test practice questions and correct Answers

MLO SAFE NMLS safe test practice questions and correct Answers Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. RESPA-Real Estate Settlement Procedures Act RESPA's section 9 Prohibits The Dodd-Frank Act modifies ECOA to require a creditor to furnish a copy of an appraisal developed in connection with a first mortgage_____________________ and absolutely not later than ________ business days prior to closing. TIL (Truth In Lending Disclosure) & GFE (Good Faith Estimate) Per the Dodd-Frank Acvt, to be a "qualified mortgage" total points and fees may not exceed ________% of the total loan amount. Per a provision of the Dodd-Frank Act mortgage lenders are to determine that a borrower has a reasonable ability to repay a loan. Does this provision apply to all loans or just owner occupied loans? A loan subject to HOEPA allows prepayment penalties for the first ______ years of the loan.