Luật vay thế chấp liên bangCâu 22 / 400
Under the Mortgage Assistance Relief Services (MARS) rule (Regulation N), a company offering loan modification services to distressed homeowners is generally prohibited from:
a.Advertising its services online
b.Contacting the homeowner's lender
c.Charging any fee at any time
d.Collecting any fee before the consumer receives and accepts a written offer from the lender or servicer
Giải thích
The MARS rule (Regulation N) bars mortgage assistance relief providers from collecting advance fees; a fee may be charged only after the consumer receives and agrees to a written mortgage-relief offer from the lender or servicer. Advertising and contacting the lender are not themselves prohibited, and fees are not banned entirely, only advance fees. The rule targets upfront-fee foreclosure-rescue scams.
Trích dẫn luật: MARS / Regulation NLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- For purposes of TRID's 'application' definition that triggers the Loan Estimate, an application is considered received when the lender obtains which six pieces of information?
- Under TRID tolerance rules, which category of charges generally may NOT increase at all from the Loan Estimate to the Closing Disclosure (a zero-tolerance category)?
- A loan originator wants to make telemarketing calls to generate mortgage leads. Under the federal Telemarketing/Do-Not-Call rules, a number registered on the National Do-Not-Call Registry generally may still be called if:
- A creditworthy married applicant applies individually for a mortgage in her own name and qualifies on her own income. Under ECOA, may the lender require her husband to co-sign?
- Regulation Z's ability-to-repay (ATR) rule generally requires a lender making a covered mortgage loan to:
- Under Regulation Z's loan originator compensation rule, a loan originator's compensation generally may NOT be based on:
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra