Residential Mortgage Fraud Law Quiz B
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Question 1 of 7
1. Question
What term is defined by the FBI as “a material misstatement, misrepresentation, or omission replied upon by an underwriter or lender to fund, purchase, or insure a loan” ?
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Question 2 of 7
2. Question
The Georgia Residential Mortgage Fraud was passed in 2005, what fraudulent activities does the law focus on?
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Question 3 of 7
3. Question
The Residential Mortgage Fraud addresses two categories of fraud, which of the two categories listed below are the correct categories?
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Question 4 of 7
4. Question
Knowingly using or facilitating information that provides false information best describe one of these terms listed below?
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Question 5 of 7
5. Question
Will the licensee be held for violations if the licensee knew if people received commission on a fraudulent closing even if they did not violate the law ?
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Question 6 of 7
6. Question
When a buyer sells a property at an inflated purchase price shortly after closing, best describes which of the following terms below ?
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Question 7 of 7
7. Question
For violations involving a mortgage broker/lender which agency should be contacted?
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