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Stack #3485022
| Question | Answer |
|---|---|
| 1. Pursuant to Maryland anti-rebating statute, the following items cannot be given to a client as inducement for business A. Home Warranty B. Legal Services C. Uber Rides D.None of the above can be given | D.None of the above can be given |
| 2. permissible promotional items used in marketing title insurance services include A. Pens B.Calendars. C Mugs D All of the above | D All of the above |
| 3. The loan estimate form must be given to a consumers A. at least 5 days after submitting a loan application B. at least 4 days after submitting a loan application C at least 3 days after submitting a loan application D. at least 2 days after sub | C at least 3 days after submitting a loan application |
| 4. A producer may not knowling offer, promise, or give any valuable consideration not specified in the policy except for education materials, promotional materials, or articles of merchandise that cost no more than A.25 B .30 C 40 D.50 | D.50 |
| 5.which pre-request is not required to become title producer? A. Be at least twenty-one years of age B. Sucessfully pass an examination required by the adminsaraions C.Must possess the general fitness copetence and relatibility sufficent to satify t | A. Be at least twenty-one years of age |
| 6.Giving something of value in exchange to an insured to induce the purchase of an insurance: A. Fraud B. Negligence C. Rebating D commingling | .C. Rebating |
| 7.The blocked persons list of specially designated nationals is maintained by A. HUD b.FDIC C. DEPARTMENT OF TREASURY D.CFPB | C. DEPARTMENT OF TREASURY |
| 8.The closing disclosure form must be delivered A. 3 business days before settlement B. 3 business days before disbursement C. 3 business days before application D. None of the above | A. 3 business days before settlement |
| 9.Pursuant to Respa the only thing of value that can be reciveded by an affiliated busniess in a titile insurance transcations is A. A Kickback as defined by the busniess operating agreement B. A fee as defined by the company bylaws C. A retun on the | C. A retun on the ownership of the affiliate |
| 10.Respa applies to A. All residential transactions B. Residential and commercial transactions C. Residential transaction involving 1- 4 family units D. All resentional transactions and commercial transactions backed by HUD | C. Residential transaction involving 1- 4 family units |
| 11.Insures must maintain for inspections by the Maryland Insurance Administration A. Copies of producer licensing application B. Copies of insurance exams C. A producer's register D. None of the above | C. A producer's register |
| 12.A title insurer must update their producer their producer's register within how many days of termination or an appointment A. 10 days B. 15 days C. 20 days D. 30 days | D. 30 days |
| 13.The commissioner of insurance has the authority to do all of the following except A. examine the financial affairs of isnures doing busniessin Maryland B. Change state insurance laws at any time C. Hold hearning D. Write rules and regulations to | B. Change state insurance laws at any time |
| 14. In Maryland, criminal or prohibited acts committed by insurance producers under maryland insurance law are prosecuted by: A. The maryland Insurance Commissioner B. The Attorney General's Office C. The state Prosectuor D. The county prosecutor w | B. The Attorney General's Office |
| the following is true regarding remote online notarizations: A. it is not legal in Maryland B. The law became effective January 1, 2020 C. the law will be effective January 1, 2021 D. the law become effective October 1, 2020 | D. the law become effective October 1, 2020 |
| Page one of a Maryland intake Sheet A. Will accommondate on document B Will accommodate two documents and an addendum can be used for the remaing document C. will accommodate three documents and an addendum can be used for the remaing documents D W | B. Will accommodate two documents and an addendum can be used for the remaining document |
| Non- allowable behavior pursuant to RESPA includes: A. Accepting fees, kickbacks, or things of value to induce busniess B. A lender setting up a contest for real estate agents to give them busniess C. A lender giving a boroweer a change to win a trip | D. All of above |
| The authority given by an insurance company to an agent that is usually not specially told or communicated is called: A. Apparent authority B. Implied authority C. Express authority D. Actual authority | B. Implied authority |
| Pursuant to Respa when there is an affiliated business arrangement, fees appearing closing disclosure should only be charged based on A. Agreement between the affiliated business B. Services actually rendered C. Approval by the lender D. the titile | B. Services actually rendered |
Created by:
ie2055