FED LAWS CompuCram TEST | Questions with 100% Correct Answers | Updated & Verified

How many hours of annual continuing education are required by the SAFE Act for state-licensed mortgage loan originators? - 8hrs - The SAFE Act mandates that state-licensed mortgage loan originators take at least eight hours of continuing education every year. As of July 21, 2011, the Consumer Financial Protection Bureau (CFPB) assumed the rule-writing authority of Regulation C. This is the regulation that implements the - HMDA - Home Mortgage Improvement Disclosure Act For how many days must the settlement charges detailed in a Loan Estimate be available? - 10 days -The settlement charges in the Loan Estimate must be available for 10 business days. HOEPA is also known as - Section 32 of the TILA addendum Lenders submit Loan/Application Registers in order to comply with what law? - The Home Mortgage Disclosure Act (HMDA) requires lenders to track certain information about residential loan applicants on LARs