FIRREA mandates:
A) that State-Certified or licensed appraisers must be used for the appraisal of properties involving federally related mortgage transactions after July 1,1991.
B) that State-Certified or licensed appraisers must be used for the appraisal of properties involving federally related mortgage transactions before July 1,1991.
C) that State-Certified or licensed appraisers must be used for the appraisal of properties involving state related mortgage transactions before July 1,1991.
D) none of the above
Correct Answer:
Verified
Q1: The following is NOT considered a stage
Q2: 13-16.A deed conveys:
A) Title to the property
Q3: 13-13.In verification of a loan,the lender:
A) will
Q4: 13-12.Besides physical characteristics,the review appraiser examines:
A) location
B)
Q6: 13-18.The origination,servicing,and sale of mortgage loans by
Q7: Flood insurance is required for properties located
Q8: 13-19.For mortgage bankers two principal sources of
Q9: 13-10.The following is NOT a step in
Q10: The utilization of a non-certified or non-licensed
Q11: 13-14.A program under which the lender essentially
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