Đạo đứcCâu 308 / 400
On a single transaction, a loan originator generally may receive compensation from:
a.Both the consumer and the creditor at the same time
b.Whichever party pays more
c.Either the consumer or the creditor, but not both on the same transaction
d.Only the title company
Giải thích
The dual-compensation prohibition means an originator generally cannot be paid by both the consumer and the creditor on the same transaction; it must be one or the other. Choosing the higher payer or being paid by both violates the rule, and the title company is not the source of LO compensation.
Trích dẫn luật: Loan Originator Compensation RuleLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- A lender structures a product so consumers cannot reasonably protect their own interests and takes unreasonable advantage of their lack of understanding. This best fits which UDAAP category?
- Under the Loan Originator Compensation Rule, a loan originator's compensation on a closed-end mortgage may NOT be based on:
- A loan officer directs a well-qualified borrower into a higher-rate loan solely because it pays the officer a larger commission. This prohibited practice is known as:
- The Mortgage Acts and Practices Advertising Rule (Regulation N) primarily prohibits:
- An ad promotes a '2.99% mortgage' in large print, but that rate is available to almost no one and is not honored when consumers apply. This is a classic example of:
- Which of the following mortgage advertising claims is most likely to be a prohibited misrepresentation under Regulation N?
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