Mortgage Loan Origination (SAFE MLO) Exam
Last Update 1 day ago
Total Questions : 120
Mortgage Loan Origination (SAFE MLO) Exam is stable now with all latest exam questions are added 1 day ago. Incorporating MLO practice exam questions into your study plan is more than just a preparation strategy.
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Under which of the following programs is a creditor required to provide disclosures to the consumer that fully describe each of the creditor's variable-rate loan programs in which the consumer expresses an interest?
A mortgage loan originator (MLO) received a salary of 1% per loan plus a bonus of $5,000 for closing the most loans in the office last year. In addition, he received a trip to Hawaii based on closing 100 or more transactions with an interest rate of 5% or higher. Is the MLO's compensation prohibited?
Which of the following statements defines the term "business day" in a mortgage rescission under the Truth in Lending Act (TILA)?
A woman and her son meet with a mortgage loan originator (MLO) about refinancing the mother's home. During the meeting, the MLO senses that the mother is against the transaction and may be being unfairly coerced into the procedure. In which of the following ways should the MLO proceed?
How many days must a borrower's mortgage loan be delinquent before the mortgage company is permitted to submit the first notice filing in the foreclosure process?
Which of the following is a requirement for a mortgage loan originator (MLO) license?
Which of the following loans is subject to the Real Estate Settlement Procedures Act (RESPA)?
Mortgage loan originators planning to renew their licenses are required by the SAFE Act to complete which of the following education topics as part of their mandatory annual continuing education?
TESTED 22 Oct 2024
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