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The HECM requires no repayment until either the property is sold or the owner dies, permanently moves, fails to live in the house for 12 consecutive months, or fails to pay property taxes, maintain hazard and/or flood insurance coverage, or maintain the property (i.e., perform necessary repairs). NMLS 2020 practice test.

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We hope you enjoy these sample questions. The first question starts at 3:49. NMLS sample questions: https://nmlsportal.csbs.org/csm?id=kb_article_view&syspar...

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