PracticeQuiz content is free on an ad-supported model.

Unfortunately, we can't support ad-blocked usage because of the impact on our servers. If you'd like to continue, please disable your adblcoker and reload page.

Thanks for understanding.

PracticeQuiz.com

Reload page

Texas Real Estate Exam

1

Which of the following is not part of loan servicing?

  1. Processing payments, sending statements
  2. Managing the escrow account
  3. Handling pay-offs and assumptions
  4. All of the above are part of loan servicing
See Answer
2 A period payment cap applies to:
  1. any mortgage taken out in the U.S.
  2. adjustable rate mortgages
  3. fixed-rate loans
  4. government loans
See Answer
5 The term “servicing” describes:
  1. the collection of mortgage payments from borrowers
  2. what the mechanic does to your car
  3. duties of a loan servicer
  4. both A and C
See Answer