North Carolina 302 Post Licensing Exam 1 with Questions and Solutions



Some fees may be POC (Paid outside of closing) ANSWER STILL needs to show up on the CD even though it hasn't yet been paid but NEVER collected/debited



Mortgage interest paid in arrears: ANSWER Closing → loan interest collected at closing → First payment due one month later



Items paid in advance & Reserves deposited with lender ANSWER Homeowner's insurance: 1 year + months

Mortgage insurance: upfront + x ...
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