NMLS SAFE Affinity Real Estate & Mortgage Training Pre-test Questions And Answers Graded A+

NMLS SAFE Affinity Real Estate & Mortgage
Training Pre-test 2025-2026 Questions And Answers
Graded A+

What law deals with the credit, APR & advertising of consumer loans?
TILA/ REGULTION Z (TILA the GodZilla)




Which regulation prohibits kickbacks?
RESPA/Regulation X




Which regulation requires the lender to cancel PMI when the loan reaches 78%
LTV
HPA- Homeowners Protection Act




Which regulations prohibits fee splitting?
RESPA/Regulation X




Regulation X is the letter used to describe which Law?
RESPA (ReXpa)

, RESPA is the acronym used to describe which law?
Real Estate Settlement Procedures Act




What type of mortgage requires a non-refundable funding fee?
VA Loan




What is the provision in a mortgage enabling a lender to demand full repayment if
the borrower DEFAULTS on the loan?
Acceleration Clause




What is the provision in a mortgage enabling a lender to demand full repayment if
the borrower TRANSFERS the loan?
Alienation Clause




What doe CFPB stand for?
Consumer Financial Protection Bureau




What two laws created the CFPB?
Dodd Frank Act and Consumer Finance Protection Act