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The FHA 203(k) loan combines the purchase (or refinance) of a home with renovation financing into one mortgage. It supports property improvement and rehabilitation projects. VA loans (B) provide benefits to veterans, USDA loans (C) serve rural borrowers, and jumbo loans (D) finance higher-priced homes. Only FHA 203(k) includes rehab financing. Therefore, Answer A is correct.

The Equal Credit Opportunity Act (ECOA), implemented through Regulation B, requires creditors to issue a Notice of Incomplete Application if essential information is missing. This notice must specify what is needed, set a deadline, and explain that failure to provide the information may result in no further consideration. RESPA governs settlement, TILA governs disclosures, and HMDA covers reporting. ECOA ensures fairness in application handling, making Answer C correct.

Loan servicing involves managing a mortgage loan after closing. Servicers collect monthly payments, maintain escrow accounts for taxes and insurance, provide payoff statements, and handle customer service. Some lenders retain servicing rights even after selling loans in the secondary market. Funding loans (A) is origination, selling loans (C) is secondary market activity, and guaranteeing securities (D) is a role of Ginnie Mae. Servicing is essential for long-term loan administration. Therefore, Answer B is correct.

The Office of the Comptroller of the Currency (OCC) charters, regulates, and supervises national banks and federal savings associations. It ensures safety, soundness, and compliance with applicable laws. CFPB enforces consumer protection, FDIC insures deposits and regulates state-chartered non-member banks, and FHFA oversees GSEs. Regulation of national banks is the OCC’s mandate. Therefore, Answer B is correct.

Under the SAFE Act, MLOs must renew their license annually. If they miss the deadline, the license becomes inactive and cannot be used until reinstated through NMLS. This may involve fees and documentation, but it does not transfer to federal status (C) or remain valid (D). Automatic renewal with a late fee (A) is not allowed. Therefore, Answer B is correct.