Study guides, Class notes & Summaries

1. One of the significant causes of leaks in underground liquid storage systems is ____________ ________________ - Answer- Improper Installation 2. Written Plans are required to - Answer- obtain permits, solicit bids, and provide precise guidance for installers. 3. The plans should - Answer- Describe the property, identify the size and location of the tanks, indicate the liquids to be stored and provide the location of the dispensers and piping. 4. Storage systems discussed in this reco...

ICC Vapor Recovery 1| 60 Questions| With Complete Solutions

UST Test Questions with Correct Answers A mortgage broker is prohibited from recording a mortgage or deed of trust for which the backing money is not immediately available to the mortgagor, unless: (A) the broker gets written authorization from the superintendent (B) before recording the mortgage or deed, the broker notifies the mortgagor of a definite date when the payment will be made and gets written permission from the mortgagor (C) the broker gets written permission from the escrow ag...

UST Study Questions with All Correct Answers The regulations to enforce compliance of underground storage tank systems in the state are found in? a.) Code of Federal Regulations, 40 CFR Part 281 b.) California Code of Regulations, Title 23, Chapter 16 c.) Code of Federal Regulations, 40 CFR Part 280 d.) California Code of Regulations, Title 23, Chapter 17 - Answer-b.) California Code of Regulations; Title 23, Chapter 16 By definition an "underground storage tank system" includes a....

UST Inspector Quiz Questions with Correct Answers How long does an owner have to fix a significant violation that does not pose an imminent threat to human health and safety or environment before being issued a red tag? a) 24 hours b) 48 hours c) 7 days d) 30 days - Answer-c) 7 days; CCR 2717.1(b) Which one of the following can perform ELD? a) licensed tank tester b) licensed state contractor c) ICC certified service technician d) Professional Engineer - Answer-a) licensed tank teste...

UST Exam Questions with Correct Answers A loan primarily for personal, family or household use that is secured by a mortgage or deed of trust is a(n) - Answer-residential mortgage loan. Which of the following individuals must be licensed as a loan originator? - Answer-A licensed attorney who works part time for compensation with a lender originating loans. In order to be licensed as a mortgage loan originator, an individual must - Answer-an applicant must complete the required prelice...

UST Actual Exam Questions and Correct Answers Licensed MLOs may work for how many entities? - Answer-only 1 How long after an MLO fails to maintain a valid license must they retake the test? - Answer-5 years What is the maximum amount of insurance an originator can require a borrower to obtain on his/her home? - Answer-Replacement cost of the home In order to obtain an MLO license, all of the following are required as part of the licensing process except? - Answer-Business reference ...

UST 2024 Test Questions with All Correct Answers Anne is a loan processor, which of the following would not be an action she could perform without an MLO license? - Answer-Discuss the interest rate lock with the borrower is the receipt, collection and distribution of information for the processing or underwriting of a loan in the mortgage industry and communication with a consumer to obtain information necessary for the processing or underwriting of a residential mortgage loan. - Answer-Adm...

UST 2016 Exam Questions with Correct Answers The SAFE Act creates standard guidelines for state legislation to regulate loan originators. In order to meet the standards established under the SAFE Act, state licensing laws must include: - Answer-licensing requirements. effective supervision of those who are licensed. a program for enforcement of the law. Under SAFE Act standards, effective supervision by a state regulator includes: - Answer-participating in the NMLS; writing rules and reg...

Class A Operator UST

Class A,B Operator for Underground Storage Tank

Definitions - UST Exam