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Loan Test

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1.
1 point
Select all of the required documents needed to close on a Buyer/Seller with a lien.
2.
1 point
Which of the following loans do not qualify for payment protection?
3.
1 point
For used auto loans, normally the best interest rate is offered for vechicles...
4.
1 point
The restrictive endorsement stamp is used when a loan proceeds check is payable to a Dealership.
5.
1 point
Reconstructed vehicles qualify for GAP.
6.
1 point
The restrictive endorsement stamp is used when a loan proceeds check is payable to another financial institustion.
7.
1 point
Select all of the required documents to close on a Stolen loan.
8.
1 point
A current registration cannot expire within...
9.
1 point
Select the required documentation to close on a Buyer/Seller loan with NO LIENS.
10.
1 point
What are the first two things you should do when a walk in loan arrives at your station?
11.
1 point
Select all of the required documents to close on a Brand new vehicle from a local Dealer. (The dealership will be processing the title work)
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