Nội dung tiểu bang thống nhất (SAFE)Câu 369 / 400
Under the SAFE Act's definition, a mortgage loan originator is an individual who, for compensation or gain, does which of the following?
a.Takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan
b.Only delivers loan documents to a title company
c.Only performs clerical filing of completed applications
d.Only appraises the value of residential real estate
Giải thích
The SAFE Act defines an MLO as an individual who, for compensation or gain (or expectation of it), takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan. Purely clerical or administrative staff, document couriers, and appraisers are generally not MLOs.
Trích dẫn luật: SAFE ActLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Why does the SAFE Act require state-licensed MLOs or their employers to maintain a surety bond?
- During what annual window must a state-licensed MLO submit a license renewal request through NMLS?
- A state-licensed MLO takes the same 8-hour CE course twice in the same year to fulfill this year's and next year's requirement. Under the SAFE Act's successive-years rule, this is:
- Carlos works at a mortgage company and only assembles and files paperwork after a licensed MLO has taken the application and negotiated terms. Carlos does not communicate with borrowers about rates or terms. Under the SAFE Act, Carlos:
- Under the SAFE Act, on which of the following must a state-licensed MLO display their NMLS unique identifier?
- What is NMLS Consumer Access?
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Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra