Loan notary Sign Test #4 exam 2023 with 100% correct answers
The Note is the loan agreement, and it outlines the terms of the loan. - correct answerTrue One part of the "TILA- RESPA integrated Disclosure" (TRID) rule that affects signing agents is the: - correct answerClosing Disclosure, which consolidates the Truth-in- Lending (TIL) disclosure and the HUD-1 Settlement Statement. Which document replaces the Good Faith Estimate and the "early" Truth in Lending Disclosure. - correct answerThe Loan Estimate form. The new Closing Disclosure replaces which two documents as of October 2015? - correct answerThe HUD- 1 and the Truth in Lending Disclosure. A Notary Signing Agent shows up to an assignment only to discover it has been rescheduled at the last minute for the following day. What is the agent required to do with the documents? - correct answerReturn them to the Contracting Company Which document represents the borrower's promise to repay the loan? - correct answerDeed of Trust Mortgage If during the signing appointment the borrower divulges that the property being financed is an investment property, while the l
Document information
- Uploaded on
- September 3, 2023
- Number of pages
- 5
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers