
F4: Additional Gov't Influence in TX Study Sheet
Authored by Brittany Wright
Business
12th Grade
Used 2+ times

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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following programs is NOT a HUD program?
Federal Housing Administration (FHA)
Native American Housing
Fannie Mae
Ginnie Mae
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT an agricultural lending program?
Farmer Mac
USDA Rural Development Program
Farm Credit System
Ginnie Mae
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When must the loan estimate be delivered by the lender to an applicant?
within seven business days of application
within three business days of application
within three business days prior to consummation
within seven business days of consummation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
When must the closing disclosure be provided to a consumer?
within seven business days of application
within three business days of application
within three business days prior to consummation
within seven business days of consummation
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT on a loan estimate?
Loan terms
Summary of borrower and transaction details
Costs at Closing and closing details
Projected payments
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the purpose of the closing disclosure?
provide the final details related to closing and mortgage loans
provide estimates of costs at closing including interests rates
provide all of the final contractual paperwork for the home
provide a protection for the agents
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
This act was created in Texas as a result of the Dodd-Frank Wall Street Reform Act of 2008 which ensures loan originators have licensing requirements and are licensed to provide services.
T-SAFE
TX Administrative Procedures Act
My First Texas Home
Texas Mortgage Credit Certificate
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