{"id":95688,"date":"2024-12-28T03:53:48","date_gmt":"2024-12-28T03:53:48","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=95688"},"modified":"2024-12-28T03:53:48","modified_gmt":"2024-12-28T03:53:48","slug":"newest-mlo-exam-dumps-v8-02-ensuring-your-mortgage-loan-origination-safe-mlo-exam-success","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/newest-mlo-exam-dumps-v8-02-ensuring-your-mortgage-loan-origination-safe-mlo-exam-success.html","title":{"rendered":"Newest MLO Exam Dumps (V8.02) &#8211; Ensuring Your Mortgage Loan Origination (SAFE MLO) Exam Success"},"content":{"rendered":"<p>Don\u2019t waste your valuable time guessing your way to success in the Mortgage Loan Origination (SAFE MLO) Exam. DumpsBase has the newest MLO exam dumps (V8.02) with 117 practice exam questions and answers, helping you assess the knowledge and skills of prospective state-certified loan officers. DumpsBase MLO dumps are the smartest approach to upgrading your knowledge of the SAFe Mortgage Loan Origination (MLO) exam. Our newest MLO exam questions in the dumps are meticulously curated to cover every topic in the MLO exam syllabus. This comprehensive preparation tool ensures you address all critical areas effectively. By practicing with the newest MLO exam questions and answers, you can assess your readiness and identify areas that need improvement. Come to DumpsBase today, by preparing with our MLO exam dumps (V8.02), you position yourself as a standout candidate in the competitive IT domain.<\/p>\n<h2>SAFe Mortgage Loan Origination <em><span style=\"background-color: #00ffff;\">(MLO) Free Dumps Below<\/span><\/em><\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam9342\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-9342\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-9342\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-372847'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>Which of the following loan types may be considered a qualified loan under ability-to-pay rules<\/div><input type='hidden' name='question_id[]' id='qID_1' value='372847' \/><input type='hidden' id='answerType372847' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372847[]' id='answer-id-1450990' class='answer   answerof-372847 ' value='1450990'   \/><label for='answer-id-1450990' id='answer-label-1450990' class=' answer'><span>An interest-only mortgage<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372847[]' id='answer-id-1450991' class='answer   answerof-372847 ' value='1450991'   \/><label for='answer-id-1450991' id='answer-label-1450991' class=' answer'><span>A loan with a balloon payment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372847[]' id='answer-id-1450992' class='answer   answerof-372847 ' value='1450992'   \/><label for='answer-id-1450992' id='answer-label-1450992' class=' answer'><span>A loan with negative amortization<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372847[]' id='answer-id-1450993' class='answer   answerof-372847 ' value='1450993'   \/><label for='answer-id-1450993' id='answer-label-1450993' class=' answer'><span>A mortgage with an adjustable rate<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-372848'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>How often must a nonexempt telemarketing entity check their call list against the National Do Not Call Registry?<\/div><input type='hidden' name='question_id[]' id='qID_2' value='372848' \/><input type='hidden' id='answerType372848' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372848[]' id='answer-id-1450994' class='answer   answerof-372848 ' value='1450994'   \/><label for='answer-id-1450994' id='answer-label-1450994' class=' answer'><span>Every 7 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372848[]' id='answer-id-1450995' class='answer   answerof-372848 ' value='1450995'   \/><label for='answer-id-1450995' id='answer-label-1450995' class=' answer'><span>Every 2 weeks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372848[]' id='answer-id-1450996' class='answer   answerof-372848 ' value='1450996'   \/><label for='answer-id-1450996' id='answer-label-1450996' class=' answer'><span>Every 31 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372848[]' id='answer-id-1450997' class='answer   answerof-372848 ' value='1450997'   \/><label for='answer-id-1450997' id='answer-label-1450997' class=' answer'><span>Annually<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-372849'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>Which of the following services is included in the definition of a settlement service?<\/div><input type='hidden' name='question_id[]' id='qID_3' value='372849' \/><input type='hidden' id='answerType372849' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372849[]' id='answer-id-1450998' class='answer   answerof-372849 ' value='1450998'   \/><label for='answer-id-1450998' id='answer-label-1450998' class=' answer'><span>Flood insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372849[]' id='answer-id-1450999' class='answer   answerof-372849 ' value='1450999'   \/><label for='answer-id-1450999' id='answer-label-1450999' class=' answer'><span>Homeowners association fees<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372849[]' id='answer-id-1451000' class='answer   answerof-372849 ' value='1451000'   \/><label for='answer-id-1451000' id='answer-label-1451000' class=' answer'><span>Title company\/escrow agent services<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372849[]' id='answer-id-1451001' class='answer   answerof-372849 ' value='1451001'   \/><label for='answer-id-1451001' id='answer-label-1451001' class=' answer'><span>Sale of the mortgage loan on the secondary market<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-372850'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>If a mortgage loan includes a prepayment penalty, it must be included on which of the following disclosures?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='372850' \/><input type='hidden' id='answerType372850' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372850[]' id='answer-id-1451002' class='answer   answerof-372850 ' value='1451002'   \/><label for='answer-id-1451002' id='answer-label-1451002' class=' answer'><span>Loan Estimate only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372850[]' id='answer-id-1451003' class='answer   answerof-372850 ' value='1451003'   \/><label for='answer-id-1451003' id='answer-label-1451003' class=' answer'><span>Closing Disclosure only<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372850[]' id='answer-id-1451004' class='answer   answerof-372850 ' value='1451004'   \/><label for='answer-id-1451004' id='answer-label-1451004' class=' answer'><span>Uniform Residential Loan Application<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372850[]' id='answer-id-1451005' class='answer   answerof-372850 ' value='1451005'   \/><label for='answer-id-1451005' id='answer-label-1451005' class=' answer'><span>Both the Loan Estimate and Closing Disclosure<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-372851'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>Which of the following applicant characteristics is legally permitted to be considered in evaluating credit risk?<\/div><input type='hidden' name='question_id[]' id='qID_5' value='372851' \/><input type='hidden' id='answerType372851' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372851[]' id='answer-id-1451006' class='answer   answerof-372851 ' value='1451006'   \/><label for='answer-id-1451006' id='answer-label-1451006' class=' answer'><span>Whether the applicant seems likely to have children<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372851[]' id='answer-id-1451007' class='answer   answerof-372851 ' value='1451007'   \/><label for='answer-id-1451007' id='answer-label-1451007' class=' answer'><span>Whether the applicant has a phone number listing in their name<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372851[]' id='answer-id-1451008' class='answer   answerof-372851 ' value='1451008'   \/><label for='answer-id-1451008' id='answer-label-1451008' class=' answer'><span>Whether the applicant's age makes them ineligible for credit-related insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372851[]' id='answer-id-1451009' class='answer   answerof-372851 ' value='1451009'   \/><label for='answer-id-1451009' id='answer-label-1451009' class=' answer'><span>Whether the alimony payments the applicant relies on for income are likely to continue and to be consistently made<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-372852'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>Which of the following statements is permissible in an advertisement?<\/div><input type='hidden' name='question_id[]' id='qID_6' value='372852' \/><input type='hidden' id='answerType372852' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372852[]' id='answer-id-1451010' class='answer   answerof-372852 ' value='1451010'   \/><label for='answer-id-1451010' id='answer-label-1451010' class=' answer'><span>&quot;Current interest rates as low as 3.50% with an APR of 3.99%. Contact us today!&quot;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372852[]' id='answer-id-1451011' class='answer   answerof-372852 ' value='1451011'   \/><label for='answer-id-1451011' id='answer-label-1451011' class=' answer'><span>&quot;Looking for a VA loan? We are endorsed by and affiliated with the VA administration.&quot;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372852[]' id='answer-id-1451012' class='answer   answerof-372852 ' value='1451012'   \/><label for='answer-id-1451012' id='answer-label-1451012' class=' answer'><span>&quot;Take out a reverse mortgage loan with us, and you can stay in your home as long as you want and never make a payment.&quot;<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372852[]' id='answer-id-1451013' class='answer   answerof-372852 ' value='1451013'   \/><label for='answer-id-1451013' id='answer-label-1451013' class=' answer'><span>&quot;Close a mortgage loan with us within the next 60 days and when interest rates drop, we will \r\nrefinance your loan at a lower rate guaranteed.&quot;<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-372853'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>The Equal Credit Opportunity Act (ECOA) defines the term &quot;elderly&quot; as anyone:<\/div><input type='hidden' name='question_id[]' id='qID_7' value='372853' \/><input type='hidden' id='answerType372853' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372853[]' id='answer-id-1451014' class='answer   answerof-372853 ' value='1451014'   \/><label for='answer-id-1451014' id='answer-label-1451014' class=' answer'><span>60 years of age or older.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372853[]' id='answer-id-1451015' class='answer   answerof-372853 ' value='1451015'   \/><label for='answer-id-1451015' id='answer-label-1451015' class=' answer'><span>62 years of age or older.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372853[]' id='answer-id-1451016' class='answer   answerof-372853 ' value='1451016'   \/><label for='answer-id-1451016' id='answer-label-1451016' class=' answer'><span>65 years of age or older.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372853[]' id='answer-id-1451017' class='answer   answerof-372853 ' value='1451017'   \/><label for='answer-id-1451017' id='answer-label-1451017' class=' answer'><span>70 years of age or older.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-372854'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>A borrower is approved for an 80\/20 loan. <br \/>\r<br>Which of the following describes the lien priority for the 20% loan?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='372854' \/><input type='hidden' id='answerType372854' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372854[]' id='answer-id-1451018' class='answer   answerof-372854 ' value='1451018'   \/><label for='answer-id-1451018' id='answer-label-1451018' class=' answer'><span>First<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372854[]' id='answer-id-1451019' class='answer   answerof-372854 ' value='1451019'   \/><label for='answer-id-1451019' id='answer-label-1451019' class=' answer'><span>Second<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372854[]' id='answer-id-1451020' class='answer   answerof-372854 ' value='1451020'   \/><label for='answer-id-1451020' id='answer-label-1451020' class=' answer'><span>First as it will be combined with the 80% loan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372854[]' id='answer-id-1451021' class='answer   answerof-372854 ' value='1451021'   \/><label for='answer-id-1451021' id='answer-label-1451021' class=' answer'><span>Second but combined with any other liens<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-372855'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>A mortgage loan originator (MLO) originates a 5\/1 ARM where the indexed rate is likely to be higher than the introductory rate. <br \/>\r<br>The Truth in Lending Act (TILA) states that an MLO must calculate a borrower's monthly Payment amount based on which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_9' value='372855' \/><input type='hidden' id='answerType372855' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372855[]' id='answer-id-1451022' class='answer   answerof-372855 ' value='1451022'   \/><label for='answer-id-1451022' id='answer-label-1451022' class=' answer'><span>Payment amount during the fixed introductory period<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372855[]' id='answer-id-1451023' class='answer   answerof-372855 ' value='1451023'   \/><label for='answer-id-1451023' id='answer-label-1451023' class=' answer'><span>An average of the varying payment amounts over the life of the loan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372855[]' id='answer-id-1451024' class='answer   answerof-372855 ' value='1451024'   \/><label for='answer-id-1451024' id='answer-label-1451024' class=' answer'><span>The total amount of the payments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372855[]' id='answer-id-1451025' class='answer   answerof-372855 ' value='1451025'   \/><label for='answer-id-1451025' id='answer-label-1451025' class=' answer'><span>Fully indexed rate of the loan<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-372856'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>Prepaid charges include which of the following items?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='372856' \/><input type='hidden' id='answerType372856' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372856[]' id='answer-id-1451026' class='answer   answerof-372856 ' value='1451026'   \/><label for='answer-id-1451026' id='answer-label-1451026' class=' answer'><span>Origination fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372856[]' id='answer-id-1451027' class='answer   answerof-372856 ' value='1451027'   \/><label for='answer-id-1451027' id='answer-label-1451027' class=' answer'><span>Credit report fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372856[]' id='answer-id-1451028' class='answer   answerof-372856 ' value='1451028'   \/><label for='answer-id-1451028' id='answer-label-1451028' class=' answer'><span>Conveyance tax<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372856[]' id='answer-id-1451029' class='answer   answerof-372856 ' value='1451029'   \/><label for='answer-id-1451029' id='answer-label-1451029' class=' answer'><span>Per diem interest<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-372857'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>How many days after loan consummation does a lender have to refund an excess charge subject to th <br \/>\r<br>10% aggregate tolerance?<\/div><input type='hidden' name='question_id[]' id='qID_11' value='372857' \/><input type='hidden' id='answerType372857' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372857[]' id='answer-id-1451030' class='answer   answerof-372857 ' value='1451030'   \/><label for='answer-id-1451030' id='answer-label-1451030' class=' answer'><span>45 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372857[]' id='answer-id-1451031' class='answer   answerof-372857 ' value='1451031'   \/><label for='answer-id-1451031' id='answer-label-1451031' class=' answer'><span>50 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372857[]' id='answer-id-1451032' class='answer   answerof-372857 ' value='1451032'   \/><label for='answer-id-1451032' id='answer-label-1451032' class=' answer'><span>60 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372857[]' id='answer-id-1451033' class='answer   answerof-372857 ' value='1451033'   \/><label for='answer-id-1451033' id='answer-label-1451033' class=' answer'><span>90 days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-372858'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>It is acceptable for a lender to request a co-applicant in which of the following situations?<\/div><input type='hidden' name='question_id[]' id='qID_12' value='372858' \/><input type='hidden' id='answerType372858' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372858[]' id='answer-id-1451034' class='answer   answerof-372858 ' value='1451034'   \/><label for='answer-id-1451034' id='answer-label-1451034' class=' answer'><span>The borrower will not qualify for the loan on their own.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372858[]' id='answer-id-1451035' class='answer   answerof-372858 ' value='1451035'   \/><label for='answer-id-1451035' id='answer-label-1451035' class=' answer'><span>The borrower's future income is dependent on the co-applicant.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372858[]' id='answer-id-1451036' class='answer   answerof-372858 ' value='1451036'   \/><label for='answer-id-1451036' id='answer-label-1451036' class=' answer'><span>The co-applicant will be residing in the house with the borrower.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372858[]' id='answer-id-1451037' class='answer   answerof-372858 ' value='1451037'   \/><label for='answer-id-1451037' id='answer-label-1451037' class=' answer'><span>The co-applicant is gifting money to the borrower to make a down payment on a purchase-money \r\nmortgage<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-372859'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>The loan-to-value ratio for an FHA loan is calculated by dividing the loan amount by:<\/div><input type='hidden' name='question_id[]' id='qID_13' value='372859' \/><input type='hidden' id='answerType372859' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372859[]' id='answer-id-1451038' class='answer   answerof-372859 ' value='1451038'   \/><label for='answer-id-1451038' id='answer-label-1451038' class=' answer'><span>the purchase price of the property.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372859[]' id='answer-id-1451039' class='answer   answerof-372859 ' value='1451039'   \/><label for='answer-id-1451039' id='answer-label-1451039' class=' answer'><span>the appraised value of the property.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372859[]' id='answer-id-1451040' class='answer   answerof-372859 ' value='1451040'   \/><label for='answer-id-1451040' id='answer-label-1451040' class=' answer'><span>the lesser of the purchase price or appraised value.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372859[]' id='answer-id-1451041' class='answer   answerof-372859 ' value='1451041'   \/><label for='answer-id-1451041' id='answer-label-1451041' class=' answer'><span>the purchase price, plus the mortgage insurance for FHA loans.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-372860'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Which of the following fees is a finance charge?<\/div><input type='hidden' name='question_id[]' id='qID_14' value='372860' \/><input type='hidden' id='answerType372860' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372860[]' id='answer-id-1451042' class='answer   answerof-372860 ' value='1451042'   \/><label for='answer-id-1451042' id='answer-label-1451042' class=' answer'><span>A notary fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372860[]' id='answer-id-1451043' class='answer   answerof-372860 ' value='1451043'   \/><label for='answer-id-1451043' id='answer-label-1451043' class=' answer'><span>An origination fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372860[]' id='answer-id-1451044' class='answer   answerof-372860 ' value='1451044'   \/><label for='answer-id-1451044' id='answer-label-1451044' class=' answer'><span>An appraisal fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372860[]' id='answer-id-1451045' class='answer   answerof-372860 ' value='1451045'   \/><label for='answer-id-1451045' id='answer-label-1451045' class=' answer'><span>A late payment fee<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-372861'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which of the following statements describes an advantage of a purchase money second mortgage?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='372861' \/><input type='hidden' id='answerType372861' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372861[]' id='answer-id-1451046' class='answer   answerof-372861 ' value='1451046'   \/><label for='answer-id-1451046' id='answer-label-1451046' class=' answer'><span>The borrower pays two mortgage payments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372861[]' id='answer-id-1451047' class='answer   answerof-372861 ' value='1451047'   \/><label for='answer-id-1451047' id='answer-label-1451047' class=' answer'><span>The borrower avoids paying into the escrow account.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372861[]' id='answer-id-1451048' class='answer   answerof-372861 ' value='1451048'   \/><label for='answer-id-1451048' id='answer-label-1451048' class=' answer'><span>The borrower avoids paying private mortgage insurance<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372861[]' id='answer-id-1451049' class='answer   answerof-372861 ' value='1451049'   \/><label for='answer-id-1451049' id='answer-label-1451049' class=' answer'><span>The borrower's loan closes faster than a regular mortgage.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-372862'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>During the closing the borrower notices that the interest rate increased from 3.250% to 3.875%. <br \/>\r<br>The lender must:<\/div><input type='hidden' name='question_id[]' id='qID_16' value='372862' \/><input type='hidden' id='answerType372862' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372862[]' id='answer-id-1451050' class='answer   answerof-372862 ' value='1451050'   \/><label for='answer-id-1451050' id='answer-label-1451050' class=' answer'><span>tell the borrower to close the loan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372862[]' id='answer-id-1451051' class='answer   answerof-372862 ' value='1451051'   \/><label for='answer-id-1451051' id='answer-label-1451051' class=' answer'><span>close the loan, then re-disclose after the loan funds.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372862[]' id='answer-id-1451052' class='answer   answerof-372862 ' value='1451052'   \/><label for='answer-id-1451052' id='answer-label-1451052' class=' answer'><span>postpone the closing, re-disclose and wait three days.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372862[]' id='answer-id-1451053' class='answer   answerof-372862 ' value='1451053'   \/><label for='answer-id-1451053' id='answer-label-1451053' class=' answer'><span>postpone the closing, re-disclose and wait three business days.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-372863'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>How many continuing education hours must mortgage loan originators complete every year to renew their license?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='372863' \/><input type='hidden' id='answerType372863' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372863[]' id='answer-id-1451054' class='answer   answerof-372863 ' value='1451054'   \/><label for='answer-id-1451054' id='answer-label-1451054' class=' answer'><span>3 hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372863[]' id='answer-id-1451055' class='answer   answerof-372863 ' value='1451055'   \/><label for='answer-id-1451055' id='answer-label-1451055' class=' answer'><span>8 hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372863[]' id='answer-id-1451056' class='answer   answerof-372863 ' value='1451056'   \/><label for='answer-id-1451056' id='answer-label-1451056' class=' answer'><span>16 hours<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372863[]' id='answer-id-1451057' class='answer   answerof-372863 ' value='1451057'   \/><label for='answer-id-1451057' id='answer-label-1451057' class=' answer'><span>20 hours<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-372864'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>Maximum available flood insurance structure coverage for a residential property from the National Flood Insurance Program is what amount?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='372864' \/><input type='hidden' id='answerType372864' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372864[]' id='answer-id-1451058' class='answer   answerof-372864 ' value='1451058'   \/><label for='answer-id-1451058' id='answer-label-1451058' class=' answer'><span>&pound;250,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372864[]' id='answer-id-1451059' class='answer   answerof-372864 ' value='1451059'   \/><label for='answer-id-1451059' id='answer-label-1451059' class=' answer'><span>&pound;500,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372864[]' id='answer-id-1451060' class='answer   answerof-372864 ' value='1451060'   \/><label for='answer-id-1451060' id='answer-label-1451060' class=' answer'><span>$750,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372864[]' id='answer-id-1451061' class='answer   answerof-372864 ' value='1451061'   \/><label for='answer-id-1451061' id='answer-label-1451061' class=' answer'><span>$1,000,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-372865'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>A real estate broker overhears her buyer discussing what she believes to be illegal activities while on a phone conversation. The real estate broker notifies the buyer's mortgage loan originator (MLO) that the borrower may be using illegally acquired funds as down payment for this property. The MLO decides to report some suspicious cash deposit transactions found in the borrower's bank records. <br \/>\r<br>Under the Patriot Act, the MLO may discuss the filing of this report with which of the following parties, if any?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='372865' \/><input type='hidden' id='answerType372865' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372865[]' id='answer-id-1451062' class='answer   answerof-372865 ' value='1451062'   \/><label for='answer-id-1451062' id='answer-label-1451062' class=' answer'><span>The buyer's agent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372865[]' id='answer-id-1451063' class='answer   answerof-372865 ' value='1451063'   \/><label for='answer-id-1451063' id='answer-label-1451063' class=' answer'><span>All parties involved in the transaction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372865[]' id='answer-id-1451064' class='answer   answerof-372865 ' value='1451064'   \/><label for='answer-id-1451064' id='answer-label-1451064' class=' answer'><span>His loan processor<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372865[]' id='answer-id-1451065' class='answer   answerof-372865 ' value='1451065'   \/><label for='answer-id-1451065' id='answer-label-1451065' class=' answer'><span>The report Is not permitted to be discussed with any parties involved in the transaction.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-372866'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>If an applicant provides a waiver for the requirement to receive their appraisal three business days prior to a loan's consummation and the transaction ends up not closing at all, a creditor must still provide a copy of the appraisal no later than how many days after the creditor determines consummation will not occur?<\/div><input type='hidden' name='question_id[]' id='qID_20' value='372866' \/><input type='hidden' id='answerType372866' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372866[]' id='answer-id-1451066' class='answer   answerof-372866 ' value='1451066'   \/><label for='answer-id-1451066' id='answer-label-1451066' class=' answer'><span>10 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372866[]' id='answer-id-1451067' class='answer   answerof-372866 ' value='1451067'   \/><label for='answer-id-1451067' id='answer-label-1451067' class=' answer'><span>30 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372866[]' id='answer-id-1451068' class='answer   answerof-372866 ' value='1451068'   \/><label for='answer-id-1451068' id='answer-label-1451068' class=' answer'><span>45 days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372866[]' id='answer-id-1451069' class='answer   answerof-372866 ' value='1451069'   \/><label for='answer-id-1451069' id='answer-label-1451069' class=' answer'><span>60 days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-372867'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>A mortgage loan originator (MLO) cannot be approved for licensure if the applicant has:<\/div><input type='hidden' name='question_id[]' id='qID_21' value='372867' \/><input type='hidden' id='answerType372867' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372867[]' id='answer-id-1451070' class='answer   answerof-372867 ' value='1451070'   \/><label for='answer-id-1451070' id='answer-label-1451070' class=' answer'><span>been convicted of a felony within the past seven years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372867[]' id='answer-id-1451071' class='answer   answerof-372867 ' value='1451071'   \/><label for='answer-id-1451071' id='answer-label-1451071' class=' answer'><span>had an MLO license suspended in any governmental jurisdiction.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372867[]' id='answer-id-1451072' class='answer   answerof-372867 ' value='1451072'   \/><label for='answer-id-1451072' id='answer-label-1451072' class=' answer'><span>taken and failed the SAFE MLO National Test three times within the last year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372867[]' id='answer-id-1451073' class='answer   answerof-372867 ' value='1451073'   \/><label for='answer-id-1451073' id='answer-label-1451073' class=' answer'><span>never been licensed or registered as an MLO in any governmental jurisdiction.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-372868'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>The upfront premium charged on an FHA mortgage transaction to protect a creditor in the event of borrower default is an example of:<\/div><input type='hidden' name='question_id[]' id='qID_22' value='372868' \/><input type='hidden' id='answerType372868' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372868[]' id='answer-id-1451074' class='answer   answerof-372868 ' value='1451074'   \/><label for='answer-id-1451074' id='answer-label-1451074' class=' answer'><span>optional credit life insurance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372868[]' id='answer-id-1451075' class='answer   answerof-372868 ' value='1451075'   \/><label for='answer-id-1451075' id='answer-label-1451075' class=' answer'><span>force-placed hazard insurance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372868[]' id='answer-id-1451076' class='answer   answerof-372868 ' value='1451076'   \/><label for='answer-id-1451076' id='answer-label-1451076' class=' answer'><span>government mortgage insurance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372868[]' id='answer-id-1451077' class='answer   answerof-372868 ' value='1451077'   \/><label for='answer-id-1451077' id='answer-label-1451077' class=' answer'><span>private mortgage insurance<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-372869'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>According to the Truth in Lending Act (TILA), a dwelling includes which of the following?<\/div><input type='hidden' name='question_id[]' id='qID_23' value='372869' \/><input type='hidden' id='answerType372869' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372869[]' id='answer-id-1451078' class='answer   answerof-372869 ' value='1451078'   \/><label for='answer-id-1451078' id='answer-label-1451078' class=' answer'><span>An unimproved lot<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372869[]' id='answer-id-1451079' class='answer   answerof-372869 ' value='1451079'   \/><label for='answer-id-1451079' id='answer-label-1451079' class=' answer'><span>A six-unit apartment complex<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372869[]' id='answer-id-1451080' class='answer   answerof-372869 ' value='1451080'   \/><label for='answer-id-1451080' id='answer-label-1451080' class=' answer'><span>An individual condominium unit<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372869[]' id='answer-id-1451081' class='answer   answerof-372869 ' value='1451081'   \/><label for='answer-id-1451081' id='answer-label-1451081' class=' answer'><span>A timeshare<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-372870'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>How many days before consummation must a borrower receive a revised Loan Estimate?<\/div><input type='hidden' name='question_id[]' id='qID_24' value='372870' \/><input type='hidden' id='answerType372870' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372870[]' id='answer-id-1451082' class='answer   answerof-372870 ' value='1451082'   \/><label for='answer-id-1451082' id='answer-label-1451082' class=' answer'><span>4 business days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372870[]' id='answer-id-1451083' class='answer   answerof-372870 ' value='1451083'   \/><label for='answer-id-1451083' id='answer-label-1451083' class=' answer'><span>5 business days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372870[]' id='answer-id-1451084' class='answer   answerof-372870 ' value='1451084'   \/><label for='answer-id-1451084' id='answer-label-1451084' class=' answer'><span>7 business days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372870[]' id='answer-id-1451085' class='answer   answerof-372870 ' value='1451085'   \/><label for='answer-id-1451085' id='answer-label-1451085' class=' answer'><span>10 business days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-372871'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>Which of the following fees or charges is an allowable closing cost typically found on a Closing Disclosure?<\/div><input type='hidden' name='question_id[]' id='qID_25' value='372871' \/><input type='hidden' id='answerType372871' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372871[]' id='answer-id-1451086' class='answer   answerof-372871 ' value='1451086'   \/><label for='answer-id-1451086' id='answer-label-1451086' class=' answer'><span>Origination charge<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372871[]' id='answer-id-1451087' class='answer   answerof-372871 ' value='1451087'   \/><label for='answer-id-1451087' id='answer-label-1451087' class=' answer'><span>Referral fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372871[]' id='answer-id-1451088' class='answer   answerof-372871 ' value='1451088'   \/><label for='answer-id-1451088' id='answer-label-1451088' class=' answer'><span>Servicing fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372871[]' id='answer-id-1451089' class='answer   answerof-372871 ' value='1451089'   \/><label for='answer-id-1451089' id='answer-label-1451089' class=' answer'><span>Yield-to-loan fee<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-372872'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>What is the loan amount on the purchase price of $249,955.00 if the borrower is putting 18% down?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='372872' \/><input type='hidden' id='answerType372872' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372872[]' id='answer-id-1451090' class='answer   answerof-372872 ' value='1451090'   \/><label for='answer-id-1451090' id='answer-label-1451090' class=' answer'><span>$204,693.10<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372872[]' id='answer-id-1451091' class='answer   answerof-372872 ' value='1451091'   \/><label for='answer-id-1451091' id='answer-label-1451091' class=' answer'><span>$204,936.10<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372872[]' id='answer-id-1451092' class='answer   answerof-372872 ' value='1451092'   \/><label for='answer-id-1451092' id='answer-label-1451092' class=' answer'><span>$204,963.10<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372872[]' id='answer-id-1451093' class='answer   answerof-372872 ' value='1451093'   \/><label for='answer-id-1451093' id='answer-label-1451093' class=' answer'><span>$204,966.10<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-372873'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>When does the Loan Estimate expire?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='372873' \/><input type='hidden' id='answerType372873' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372873[]' id='answer-id-1451094' class='answer   answerof-372873 ' value='1451094'   \/><label for='answer-id-1451094' id='answer-label-1451094' class=' answer'><span>After the 3rd business day<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372873[]' id='answer-id-1451095' class='answer   answerof-372873 ' value='1451095'   \/><label for='answer-id-1451095' id='answer-label-1451095' class=' answer'><span>After the 5th business day<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372873[]' id='answer-id-1451096' class='answer   answerof-372873 ' value='1451096'   \/><label for='answer-id-1451096' id='answer-label-1451096' class=' answer'><span>After the 7th business day<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372873[]' id='answer-id-1451097' class='answer   answerof-372873 ' value='1451097'   \/><label for='answer-id-1451097' id='answer-label-1451097' class=' answer'><span>After the 10th business day<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-372874'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>A borrower who knowingly makes false statements on a federally related mortgage loan to obtain property may be:<\/div><input type='hidden' name='question_id[]' id='qID_28' value='372874' \/><input type='hidden' id='answerType372874' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372874[]' id='answer-id-1451098' class='answer   answerof-372874 ' value='1451098'   \/><label for='answer-id-1451098' id='answer-label-1451098' class=' answer'><span>imprisoned for 10 to 16 months<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372874[]' id='answer-id-1451099' class='answer   answerof-372874 ' value='1451099'   \/><label for='answer-id-1451099' id='answer-label-1451099' class=' answer'><span>fined up to JB10,000 or imprisoned for 6 months.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372874[]' id='answer-id-1451100' class='answer   answerof-372874 ' value='1451100'   \/><label for='answer-id-1451100' id='answer-label-1451100' class=' answer'><span>fined up to $1 million and imprisoned for 30 years.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372874[]' id='answer-id-1451101' class='answer   answerof-372874 ' value='1451101'   \/><label for='answer-id-1451101' id='answer-label-1451101' class=' answer'><span>fined up to the total purchase price of their home.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-372875'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>In a federally related mortgage loan on a principal dwelling, which of the following parties has the right to rescind the transaction?<\/div><input type='hidden' name='question_id[]' id='qID_29' value='372875' \/><input type='hidden' id='answerType372875' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372875[]' id='answer-id-1451102' class='answer   answerof-372875 ' value='1451102'   \/><label for='answer-id-1451102' id='answer-label-1451102' class=' answer'><span>Only the borrower who makes the most income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372875[]' id='answer-id-1451103' class='answer   answerof-372875 ' value='1451103'   \/><label for='answer-id-1451103' id='answer-label-1451103' class=' answer'><span>Only the borrower with the majority interest in the transaction<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372875[]' id='answer-id-1451104' class='answer   answerof-372875 ' value='1451104'   \/><label for='answer-id-1451104' id='answer-label-1451104' class=' answer'><span>Only the person who will actually occupy the property<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372875[]' id='answer-id-1451105' class='answer   answerof-372875 ' value='1451105'   \/><label for='answer-id-1451105' id='answer-label-1451105' class=' answer'><span>Any person who has an ownership interest in the property<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-372876'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>Which of the following responses describes the required amount of flood insurance coverage?<\/div><input type='hidden' name='question_id[]' id='qID_30' value='372876' \/><input type='hidden' id='answerType372876' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372876[]' id='answer-id-1451106' class='answer   answerof-372876 ' value='1451106'   \/><label for='answer-id-1451106' id='answer-label-1451106' class=' answer'><span>The original appraised value of the home<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372876[]' id='answer-id-1451107' class='answer   answerof-372876 ' value='1451107'   \/><label for='answer-id-1451107' id='answer-label-1451107' class=' answer'><span>The outstanding principal balance of the loan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372876[]' id='answer-id-1451108' class='answer   answerof-372876 ' value='1451108'   \/><label for='answer-id-1451108' id='answer-label-1451108' class=' answer'><span>The minimum amount of National Flood Insurance Program coverage available<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372876[]' id='answer-id-1451109' class='answer   answerof-372876 ' value='1451109'   \/><label for='answer-id-1451109' id='answer-label-1451109' class=' answer'><span>The property value on file with the county property valuation administrator office<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-372877'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>The debt-to-income analysis should assess a borrower's total monthly housing related payments as a percentage of the:<\/div><input type='hidden' name='question_id[]' id='qID_31' value='372877' \/><input type='hidden' id='answerType372877' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372877[]' id='answer-id-1451110' class='answer   answerof-372877 ' value='1451110'   \/><label for='answer-id-1451110' id='answer-label-1451110' class=' answer'><span>net monthly income<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372877[]' id='answer-id-1451111' class='answer   answerof-372877 ' value='1451111'   \/><label for='answer-id-1451111' id='answer-label-1451111' class=' answer'><span>gross monthly income.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372877[]' id='answer-id-1451112' class='answer   answerof-372877 ' value='1451112'   \/><label for='answer-id-1451112' id='answer-label-1451112' class=' answer'><span>taxable income.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372877[]' id='answer-id-1451113' class='answer   answerof-372877 ' value='1451113'   \/><label for='answer-id-1451113' id='answer-label-1451113' class=' answer'><span>loan amount.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-372878'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>Non-qualified mortgages offer more options for borrowers who:<\/div><input type='hidden' name='question_id[]' id='qID_32' value='372878' \/><input type='hidden' id='answerType372878' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372878[]' id='answer-id-1451114' class='answer   answerof-372878 ' value='1451114'   \/><label for='answer-id-1451114' id='answer-label-1451114' class=' answer'><span>are unemployed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372878[]' id='answer-id-1451115' class='answer   answerof-372878 ' value='1451115'   \/><label for='answer-id-1451115' id='answer-label-1451115' class=' answer'><span>are self-employed.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372878[]' id='answer-id-1451116' class='answer   answerof-372878 ' value='1451116'   \/><label for='answer-id-1451116' id='answer-label-1451116' class=' answer'><span>have no down payment.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372878[]' id='answer-id-1451117' class='answer   answerof-372878 ' value='1451117'   \/><label for='answer-id-1451117' id='answer-label-1451117' class=' answer'><span>are currently living with their parents.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-372879'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>Which of the following activities is a function of the Consumer Financial Protection Bureau (CFPB)?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='372879' \/><input type='hidden' id='answerType372879' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372879[]' id='answer-id-1451118' class='answer   answerof-372879 ' value='1451118'   \/><label for='answer-id-1451118' id='answer-label-1451118' class=' answer'><span>Regulating the federal funds rate at which money is lent to banks<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372879[]' id='answer-id-1451119' class='answer   answerof-372879 ' value='1451119'   \/><label for='answer-id-1451119' id='answer-label-1451119' class=' answer'><span>Regulating the number of mortgage loan originators in the mortgage industry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372879[]' id='answer-id-1451120' class='answer   answerof-372879 ' value='1451120'   \/><label for='answer-id-1451120' id='answer-label-1451120' class=' answer'><span>Regulating mortgage lenders on their mortgage origination practices and procedures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372879[]' id='answer-id-1451121' class='answer   answerof-372879 ' value='1451121'   \/><label for='answer-id-1451121' id='answer-label-1451121' class=' answer'><span>Deciding what quantity of mortgage-backed securities are purchased by the government<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-372880'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>The appraiser valuation independence obligates appraisers to perform their duties in a manner free from outside influence through which of the following actions?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='372880' \/><input type='hidden' id='answerType372880' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372880[]' id='answer-id-1451122' class='answer   answerof-372880 ' value='1451122'   \/><label for='answer-id-1451122' id='answer-label-1451122' class=' answer'><span>Encouraging a target value<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372880[]' id='answer-id-1451123' class='answer   answerof-372880 ' value='1451123'   \/><label for='answer-id-1451123' id='answer-label-1451123' class=' answer'><span>Withholding payment from an appraiser<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372880[]' id='answer-id-1451124' class='answer   answerof-372880 ' value='1451124'   \/><label for='answer-id-1451124' id='answer-label-1451124' class=' answer'><span>Asking the appraiser to substantiate a value<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372880[]' id='answer-id-1451125' class='answer   answerof-372880 ' value='1451125'   \/><label for='answer-id-1451125' id='answer-label-1451125' class=' answer'><span>Communication directly between the loan officer and the appraiser<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-372881'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>Which of the following reasons is acceptable for denying a loan under the Equal Credit Opportunity Act <br \/>\r<br>(ECOA)?<\/div><input type='hidden' name='question_id[]' id='qID_35' value='372881' \/><input type='hidden' id='answerType372881' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372881[]' id='answer-id-1451126' class='answer   answerof-372881 ' value='1451126'   \/><label for='answer-id-1451126' id='answer-label-1451126' class=' answer'><span>Receipt of child support<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372881[]' id='answer-id-1451127' class='answer   answerof-372881 ' value='1451127'   \/><label for='answer-id-1451127' id='answer-label-1451127' class=' answer'><span>Immigration status<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372881[]' id='answer-id-1451128' class='answer   answerof-372881 ' value='1451128'   \/><label for='answer-id-1451128' id='answer-label-1451128' class=' answer'><span>Marital status<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372881[]' id='answer-id-1451129' class='answer   answerof-372881 ' value='1451129'   \/><label for='answer-id-1451129' id='answer-label-1451129' class=' answer'><span>Country of birth<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-372882'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Which of the following items may lenders use to verify a borrower's income for his ability to repay a mortgage?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='372882' \/><input type='hidden' id='answerType372882' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372882[]' id='answer-id-1451130' class='answer   answerof-372882 ' value='1451130'   \/><label for='answer-id-1451130' id='answer-label-1451130' class=' answer'><span>An electronic paystub<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372882[]' id='answer-id-1451131' class='answer   answerof-372882 ' value='1451131'   \/><label for='answer-id-1451131' id='answer-label-1451131' class=' answer'><span>A copy of a check register<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372882[]' id='answer-id-1451132' class='answer   answerof-372882 ' value='1451132'   \/><label for='answer-id-1451132' id='answer-label-1451132' class=' answer'><span>The income stated on the loan application<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372882[]' id='answer-id-1451133' class='answer   answerof-372882 ' value='1451133'   \/><label for='answer-id-1451133' id='answer-label-1451133' class=' answer'><span>The borrower's attestation that he expects a raise within 30 days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-372883'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>Which of the following sources of funds is acceptable to utilize for down payments, closing costs or financial reserves?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='372883' \/><input type='hidden' id='answerType372883' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372883[]' id='answer-id-1451134' class='answer   answerof-372883 ' value='1451134'   \/><label for='answer-id-1451134' id='answer-label-1451134' class=' answer'><span>Virtual currency funds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372883[]' id='answer-id-1451135' class='answer   answerof-372883 ' value='1451135'   \/><label for='answer-id-1451135' id='answer-label-1451135' class=' answer'><span>Community second funds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372883[]' id='answer-id-1451136' class='answer   answerof-372883 ' value='1451136'   \/><label for='answer-id-1451136' id='answer-label-1451136' class=' answer'><span>Personal unsecured loans<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372883[]' id='answer-id-1451137' class='answer   answerof-372883 ' value='1451137'   \/><label for='answer-id-1451137' id='answer-label-1451137' class=' answer'><span>Foreign assets located outside of the<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372883[]' id='answer-id-1451138' class='answer   answerof-372883 ' value='1451138'   \/><label for='answer-id-1451138' id='answer-label-1451138' class=' answer'><span>or its territories<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-372884'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>An easement:<\/div><input type='hidden' name='question_id[]' id='qID_38' value='372884' \/><input type='hidden' id='answerType372884' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372884[]' id='answer-id-1451139' class='answer   answerof-372884 ' value='1451139'   \/><label for='answer-id-1451139' id='answer-label-1451139' class=' answer'><span>is a mortgage modification.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372884[]' id='answer-id-1451140' class='answer   answerof-372884 ' value='1451140'   \/><label for='answer-id-1451140' id='answer-label-1451140' class=' answer'><span>is a right to cross or otherwise use someone else's land for a specified purpose.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372884[]' id='answer-id-1451141' class='answer   answerof-372884 ' value='1451141'   \/><label for='answer-id-1451141' id='answer-label-1451141' class=' answer'><span>allows a loan applicant to close on a loan even if all the stipulations have not been met.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372884[]' id='answer-id-1451142' class='answer   answerof-372884 ' value='1451142'   \/><label for='answer-id-1451142' id='answer-label-1451142' class=' answer'><span>allows a borrower to make less than the required payments without going through a full mortgage modification.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-372885'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>Under the TILA-RESPA Integrated Disclosure rule (TRID), what is the minimum time period that must pass between a borrower's receipt of a Loan Estimate and the closing of a mortgage loan?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='372885' \/><input type='hidden' id='answerType372885' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372885[]' id='answer-id-1451143' class='answer   answerof-372885 ' value='1451143'   \/><label for='answer-id-1451143' id='answer-label-1451143' class=' answer'><span>7 business days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372885[]' id='answer-id-1451144' class='answer   answerof-372885 ' value='1451144'   \/><label for='answer-id-1451144' id='answer-label-1451144' class=' answer'><span>15 business days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372885[]' id='answer-id-1451145' class='answer   answerof-372885 ' value='1451145'   \/><label for='answer-id-1451145' id='answer-label-1451145' class=' answer'><span>30 business days<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372885[]' id='answer-id-1451146' class='answer   answerof-372885 ' value='1451146'   \/><label for='answer-id-1451146' id='answer-label-1451146' class=' answer'><span>45 calendar days<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-372886'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>Which of the following is an origination fee?<\/div><input type='hidden' name='question_id[]' id='qID_40' value='372886' \/><input type='hidden' id='answerType372886' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372886[]' id='answer-id-1451147' class='answer   answerof-372886 ' value='1451147'   \/><label for='answer-id-1451147' id='answer-label-1451147' class=' answer'><span>Appraisal fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372886[]' id='answer-id-1451148' class='answer   answerof-372886 ' value='1451148'   \/><label for='answer-id-1451148' id='answer-label-1451148' class=' answer'><span>Underwriting fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372886[]' id='answer-id-1451149' class='answer   answerof-372886 ' value='1451149'   \/><label for='answer-id-1451149' id='answer-label-1451149' class=' answer'><span>Title insurance fee<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372886[]' id='answer-id-1451150' class='answer   answerof-372886 ' value='1451150'   \/><label for='answer-id-1451150' id='answer-label-1451150' class=' answer'><span>Prepaid Interest fee<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-41' style=';'><div id='questionWrap-41'  class='   watupro-question-id-372887'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>41. <\/span>A second (subordinate) mortgage loan includes:<\/div><input type='hidden' name='question_id[]' id='qID_41' value='372887' \/><input type='hidden' id='answerType372887' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372887[]' id='answer-id-1451151' class='answer   answerof-372887 ' value='1451151'   \/><label for='answer-id-1451151' id='answer-label-1451151' class=' answer'><span>government home purchase loan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372887[]' id='answer-id-1451152' class='answer   answerof-372887 ' value='1451152'   \/><label for='answer-id-1451152' id='answer-label-1451152' class=' answer'><span>conventional home purchase loan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372887[]' id='answer-id-1451153' class='answer   answerof-372887 ' value='1451153'   \/><label for='answer-id-1451153' id='answer-label-1451153' class=' answer'><span>home equity conversion mortgage.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372887[]' id='answer-id-1451154' class='answer   answerof-372887 ' value='1451154'   \/><label for='answer-id-1451154' id='answer-label-1451154' class=' answer'><span>home equity lines of credit (HELOCs;<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-42' style=';'><div id='questionWrap-42'  class='   watupro-question-id-372888'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>42. <\/span>What is the minimum amount of flood insurance a lender must require on a residential building located in a special flood hazard area?<\/div><input type='hidden' name='question_id[]' id='qID_42' value='372888' \/><input type='hidden' id='answerType372888' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372888[]' id='answer-id-1451155' class='answer   answerof-372888 ' value='1451155'   \/><label for='answer-id-1451155' id='answer-label-1451155' class=' answer'><span>$50,000 for residential property structures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372888[]' id='answer-id-1451156' class='answer   answerof-372888 ' value='1451156'   \/><label for='answer-id-1451156' id='answer-label-1451156' class=' answer'><span>$150,000 for residential property structures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372888[]' id='answer-id-1451157' class='answer   answerof-372888 ' value='1451157'   \/><label for='answer-id-1451157' id='answer-label-1451157' class=' answer'><span>$250,000 for residential property structures<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372888[]' id='answer-id-1451158' class='answer   answerof-372888 ' value='1451158'   \/><label for='answer-id-1451158' id='answer-label-1451158' class=' answer'><span>$350,000 for residential property structures<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-43' style=';'><div id='questionWrap-43'  class='   watupro-question-id-372889'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>43. <\/span>Offering or negotiating the terms of a loan includes which of the following actions?<\/div><input type='hidden' name='question_id[]' id='qID_43' value='372889' \/><input type='hidden' id='answerType372889' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372889[]' id='answer-id-1451159' class='answer   answerof-372889 ' value='1451159'   \/><label for='answer-id-1451159' id='answer-label-1451159' class=' answer'><span>Providing general explanations or descriptions in response to a consumer's inquiry<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372889[]' id='answer-id-1451160' class='answer   answerof-372889 ' value='1451160'   \/><label for='answer-id-1451160' id='answer-label-1451160' class=' answer'><span>Making an underwriting decision about whether an applicant qualifies for a loan<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372889[]' id='answer-id-1451161' class='answer   answerof-372889 ' value='1451161'   \/><label for='answer-id-1451161' id='answer-label-1451161' class=' answer'><span>Presenting particular loan terms to an applicant verbally, in writing, or otherwise<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372889[]' id='answer-id-1451162' class='answer   answerof-372889 ' value='1451162'   \/><label for='answer-id-1451162' id='answer-label-1451162' class=' answer'><span>Arranging the loan closing or other aspects of the loan process<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-44' style=';'><div id='questionWrap-44'  class='   watupro-question-id-372890'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>44. <\/span>A borrower has been approved for a new home loan and has completed all necessary paperwork. <br \/>\r<br>When should the borrower receive the Closing Disclosure?<\/div><input type='hidden' name='question_id[]' id='qID_44' value='372890' \/><input type='hidden' id='answerType372890' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372890[]' id='answer-id-1451163' class='answer   answerof-372890 ' value='1451163'   \/><label for='answer-id-1451163' id='answer-label-1451163' class=' answer'><span>4 business days prior lo consummation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372890[]' id='answer-id-1451164' class='answer   answerof-372890 ' value='1451164'   \/><label for='answer-id-1451164' id='answer-label-1451164' class=' answer'><span>3 business days prior to consummation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372890[]' id='answer-id-1451165' class='answer   answerof-372890 ' value='1451165'   \/><label for='answer-id-1451165' id='answer-label-1451165' class=' answer'><span>1 business day prior to consummation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372890[]' id='answer-id-1451166' class='answer   answerof-372890 ' value='1451166'   \/><label for='answer-id-1451166' id='answer-label-1451166' class=' answer'><span>On the day of consummation<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-45' style=';'><div id='questionWrap-45'  class='   watupro-question-id-372891'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>45. <\/span>Which of the following acts requires mortgage loan originators to complete annual continuing education to satisfy the requirement for licensure?<\/div><input type='hidden' name='question_id[]' id='qID_45' value='372891' \/><input type='hidden' id='answerType372891' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372891[]' id='answer-id-1451167' class='answer   answerof-372891 ' value='1451167'   \/><label for='answer-id-1451167' id='answer-label-1451167' class=' answer'><span>The SAFE Act<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372891[]' id='answer-id-1451168' class='answer   answerof-372891 ' value='1451168'   \/><label for='answer-id-1451168' id='answer-label-1451168' class=' answer'><span>The Dodd-Frank Act<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372891[]' id='answer-id-1451169' class='answer   answerof-372891 ' value='1451169'   \/><label for='answer-id-1451169' id='answer-label-1451169' class=' answer'><span>The Truth in Lending Act (TILA)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-372891[]' id='answer-id-1451170' class='answer   answerof-372891 ' value='1451170'   \/><label for='answer-id-1451170' id='answer-label-1451170' class=' answer'><span>The Equal Credit Opportunity Act<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-46'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons9342\" >\n\t\t  <div 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DumpsBase MLO dumps are the smartest approach to upgrading your [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18145,18146],"tags":[18147,18148],"class_list":["post-95688","post","type-post","status-publish","format-standard","hentry","category-nmls","category-safe-mlo","tag-mlo-exam-dumps","tag-mortgage-loan-origination-safe-mlo-exam"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/95688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/comments?post=95688"}],"version-history":[{"count":1,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/95688\/revisions"}],"predecessor-version":[{"id":95689,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/95688\/revisions\/95689"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=95688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=95688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=95688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}