11/23/2022

District of Columbia DC Mortgage Laws

District of Columbia as in DC Washington Mortgage Test

Loan questions and answers





 Per DISB requirements, all records shall be maintained for:

 

Question 2

All of the following would result in license revocation by default except:
 

Question 3

Unless it is available at the time of the application, the following information is not required when applying for a proposed mortgage loan except for:
 

Question 4

Each application for a proposed mortgage loan must always contain the following information except for:
 


Which loan would be considered a Nontraditional loan?
 


All of the following documents must be kept in a loan file folder except:
 



Mortgage licensees must ensure that all lock-in agreements are in writing and contain which minimum details?