Prepayment Study guides, Class notes & Summaries

12.1% - ANSWER # of improper Medicare Fee-For-Service claim payments, according to Federal Government. FFS - ANSWER Fee-For-Service Prepayment Review - ANSWER Review of claims prior to payment. Prepayment reviews result in an initial determination. Postpayment Review - ANSWER Review of claims after payment. May result in either no change to the initial determination or a revised determination, indicating an underpayment or overpayment. Underpayment - ANSWER A payment a provider recei...

Mortgage Backed Securities Final Exam 2023 with complete solution Why is prepayment less of an issue with commercial loans than it is with home mortgage loans? Explain Yield Maintenance & Defeasance prepayment restrictions. 1) Commercial loans have strong call protections and penalties to the borrow if they prepay the loan. Home loans do not have prepayment penalties. Yield Maintenance Penalty - Present Value of lost payments will be paid to the lender to maintain their expected yield ...

Alabama Real Estate License Exam Questions and Answers Already Passed After passing state exam, you have ___ days to apply for a Temporary License, either on an Active or Inactive basis. 90 Temporary Licenses are only valid for ___ year(s), and cannot be renewed. 1 For an Original License, you must pass a ___ hour post-license course. 30 If Temporary License is ACTIVE, the post-license course must be completed within ___ months. 6. If the post-license course is not completed within ___ year...

NMLS MLO EXAM 2024 WITH 100% CORRECT ANSWERS What must a borrower do to avoid having late payments reported to a credit bureau? - correct answer Pay within 30 days of due date Max penalty if a borrower is required to use a specific title company or settlement agent? - correct answer 3 times the fee What should not be over-weighted in an analysis of borrower repayment capacity? - correct answer Credit scores Max prepayment penalty on residential mortgages in the first year of the loan...

SBE NC Funeral Service State Board- Directing Questions and Answers 100% Correct SBE NC Funeral Service State Board- Directing Questions and Answers 100% Correct SBE NC Funeral Service State Board- Directing Questions and Answers 100% Correct Adaptive Funeral Rite - ANSWER-A rite adjusted to the needs of the family or the trends of the time Pre-planned funeral arrangements - ANSWER-funeral arrangements made in advance of need that do not include provisions for funding or prepayment ...

MLO SAFE NMLS SAFE EXAM 2024 WITH 100% 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 __________________________. - correct answer Predatory Lending. RESPA-Real Estate Settlement Procedures Act - correct answer The Federal Statute that deals with the settlement of residential mortgage loans. RESPA's section 9 Prohibits - cor...

What must a borrower do to avoid having late payments reported to a credit bureau? - Pay within 30 days of due date Max penalty if a borrower is required to use a specific title company or settlement agent? - 3 times the fee What should not be over-weighted in an analysis of borrower repayment capacity? - Credit scores Max prepayment penalty on residential mortgages in the first year of the loan - 3% What must condominium associations do with respect to property insurance? - Keep a "blank...

NMLS Test Outline Questions and Answers Already Passed RESPA disclosures? due dates? 3 days after application: Home loan tool kit Loan estimate List of HUD counselors Mortgage Servicing Disclosure Statement Know before you owe booklet Special Info Booklet 3 days before consummation: Initial Closing Disclosure AfBA disclosure At consummation: Final Closing Disclosure Initial Escrow Statement (45 days after closing) After closing: Annual Escrow Statement Servicing Transfer Statement (sen...

24 hour hold CORRECT ANSWER A term used to describe the type of reservation made on function space within a venue (hotel, convention centre, etc.). An event organizer who has 24-hour hold on a space has exclusive use and access to that space for a period of 24 hours, usually 00:00 to 23:59. 6 by 6 rule CORRECT ANSWER Audiovisual guidelines by which presentation slide should contain more than six words per line of text and no more than six lines of text. Abstract CORRECT ANSWER 1) written s...

What step should you take if there is a discrepancy between the operative report and the procedure listed in the Procedure Title? Consult with the physician who performed the service Rationale: When there is a discrepancy between the operative report and the procedure listed in the Procedure Title, the coder should consult the physician who performed the service. If the provider is not available, the coder should code from the detail of the operative report To monitor reimbursement an...