Nội dung tiểu bang thống nhất (SAFE)Câu 373 / 400
Which of the following activities would generally require an individual to hold a state MLO license?
a.Negotiating the interest rate and terms of a residential mortgage loan with a borrower for compensation
b.Photocopying a borrower's completed application for the file
c.Answering the office phone and transferring calls to a licensed MLO
d.Delivering a signed loan package to the escrow office
Giải thích
Offering or negotiating the terms of a residential mortgage loan for compensation is a core licensable activity under the SAFE Act. Purely administrative acts such as photocopying, transferring phone calls, or delivering documents do not, by themselves, trigger the licensing requirement.
Trích dẫn luật: SAFE ActLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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?
- Which organizations jointly developed and maintain the Nationwide Multistate Licensing System (NMLS)?
- A state-licensed MLO changes employers, moving from one mortgage company to another. Regarding the NMLS unique identifier, the MLO:
- Which of the following is prohibited conduct for a mortgage loan originator under the SAFE Act's standards?
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