NMLS TEST Affinity Updated Exam 2026 WITH Recent Newest
Verified And Well Analyzed Exam Questions (Actual Exam
2026-2027) Correct Detailed & Verified ANSWERS (100%
Accurate Solutions) ALREADY GRADED A+||NEWEST
VERSION Of The Exam Guarantee Pass!!
What law deals with credit, APR & Advertising of consumer loans? -ANSWERS-TILA
Which regulation prohibits kickbacks? -ANSWERS-RESPA
Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? -
ANSWERS-HPA-Homeowners Protection Act
Which Regulation prohibits fee splitting? -ANSWERS-RESPA
What does CFPB stand for? -ANSWERS-Consumer Financial Protection Bureau
What two laws created the CFBP? -ANSWERS-Dodd Frank Act and Consumer Finance
Protection Act
Which regulation is designed to help meet the Credit needs of the Communities in which
it operates? -ANSWERS-CRA- Community Reinvestment Act
Under ECOA rules and regulations, how many days the borrower have to request a
copy of an appraisal report? -ANSWERS-90
Under ECOA rules and regulations, how many days does the lender have to provide a
copy of an appraisal report, once requested by the borrower? -ANSWERS-30
,If a loan application is APPROVED, Under ECOA rules & regulations, when MUST a
copy of the appraisal be provided to the borrower? -ANSWERS-3 business days
Conforming loans follow guidelines of which regulators? -ANSWERS-Fannie Mae and
Freddie Mac
Which regulation requires the lenders to "BE EQUAL" when extending credit to
borrowers? -ANSWERS-ECOA
How old must a borrower be to qualify for a Reverse Mortgage? -ANSWERS-62 years
old
Regulation X is the letter used to describe which law? -ANSWERS-RESPA
RESPA is the acronym used to describe which law? -ANSWERS-Real Estate
Settlement Procedures Act
What type of mortgage requires a non-refundable funding fee? -ANSWERS-VA Loan
What is the provision in a mortgage enabling a lender to demand full repayment if the
borrower DEFAULTS on the loan? -ANSWERS-Acceleration Clause
What is the provision in a mortgage enabling a lender to demand full repayment if the
borrower TRANSFERS the loan? -ANSWERS-Alienation Clause
Which regulation has the primary function of preventing Identity Theft? -ANSWERS-
FACT Act
Which regulation has Section 114 Rules? -ANSWERS-FACT Act
, Which regulation requires the creditor to verify the VALIDITY of any change of address
received? -ANSWERS-SECTION 114 of the FACT Act
What is the payment method used in a reverse mortgage that allows the homeowners to
receive a monthly check while living in the property? -ANSWERS-Tenure Method
What is the fraud scheme where a borrower uses someone else's name to purchase the
property, but the person WILL NOT be living at the property? -ANSWERS-Straw
Borrower
What government lender "insures" mortgages? -ANSWERS-FHA
What government lender "Guarantees" Mortgages? -ANSWERS-VA Loans
What government lender loans money to fund purchases in rural areas? -ANSWERS-
USDA/ Dept. of Agriculture
What is the value remaining in property after all liens and debts have been paid? -
ANSWERS-Equity
A borrower is refinancing his home. How much time does Reg Z give him to change his
mind? -ANSWERS-3 days
Which regulation established the 3-day right of rescission rule? -ANSWERS-TILA
Redlining is part of which regulation/Law? -ANSWERS-Fair Housing Act
Blockbusting is part of which regulation/Law? -ANSWERS-Fair Housing Act
Steering is part of which regulation/Law? -ANSWERS-Fair housing act
Verified And Well Analyzed Exam Questions (Actual Exam
2026-2027) Correct Detailed & Verified ANSWERS (100%
Accurate Solutions) ALREADY GRADED A+||NEWEST
VERSION Of The Exam Guarantee Pass!!
What law deals with credit, APR & Advertising of consumer loans? -ANSWERS-TILA
Which regulation prohibits kickbacks? -ANSWERS-RESPA
Which regulations require the lender to cancel PMI when the loan reaches 78% LTV? -
ANSWERS-HPA-Homeowners Protection Act
Which Regulation prohibits fee splitting? -ANSWERS-RESPA
What does CFPB stand for? -ANSWERS-Consumer Financial Protection Bureau
What two laws created the CFBP? -ANSWERS-Dodd Frank Act and Consumer Finance
Protection Act
Which regulation is designed to help meet the Credit needs of the Communities in which
it operates? -ANSWERS-CRA- Community Reinvestment Act
Under ECOA rules and regulations, how many days the borrower have to request a
copy of an appraisal report? -ANSWERS-90
Under ECOA rules and regulations, how many days does the lender have to provide a
copy of an appraisal report, once requested by the borrower? -ANSWERS-30
,If a loan application is APPROVED, Under ECOA rules & regulations, when MUST a
copy of the appraisal be provided to the borrower? -ANSWERS-3 business days
Conforming loans follow guidelines of which regulators? -ANSWERS-Fannie Mae and
Freddie Mac
Which regulation requires the lenders to "BE EQUAL" when extending credit to
borrowers? -ANSWERS-ECOA
How old must a borrower be to qualify for a Reverse Mortgage? -ANSWERS-62 years
old
Regulation X is the letter used to describe which law? -ANSWERS-RESPA
RESPA is the acronym used to describe which law? -ANSWERS-Real Estate
Settlement Procedures Act
What type of mortgage requires a non-refundable funding fee? -ANSWERS-VA Loan
What is the provision in a mortgage enabling a lender to demand full repayment if the
borrower DEFAULTS on the loan? -ANSWERS-Acceleration Clause
What is the provision in a mortgage enabling a lender to demand full repayment if the
borrower TRANSFERS the loan? -ANSWERS-Alienation Clause
Which regulation has the primary function of preventing Identity Theft? -ANSWERS-
FACT Act
Which regulation has Section 114 Rules? -ANSWERS-FACT Act
, Which regulation requires the creditor to verify the VALIDITY of any change of address
received? -ANSWERS-SECTION 114 of the FACT Act
What is the payment method used in a reverse mortgage that allows the homeowners to
receive a monthly check while living in the property? -ANSWERS-Tenure Method
What is the fraud scheme where a borrower uses someone else's name to purchase the
property, but the person WILL NOT be living at the property? -ANSWERS-Straw
Borrower
What government lender "insures" mortgages? -ANSWERS-FHA
What government lender "Guarantees" Mortgages? -ANSWERS-VA Loans
What government lender loans money to fund purchases in rural areas? -ANSWERS-
USDA/ Dept. of Agriculture
What is the value remaining in property after all liens and debts have been paid? -
ANSWERS-Equity
A borrower is refinancing his home. How much time does Reg Z give him to change his
mind? -ANSWERS-3 days
Which regulation established the 3-day right of rescission rule? -ANSWERS-TILA
Redlining is part of which regulation/Law? -ANSWERS-Fair Housing Act
Blockbusting is part of which regulation/Law? -ANSWERS-Fair Housing Act
Steering is part of which regulation/Law? -ANSWERS-Fair housing act
