Nội dung tiểu bang thống nhất (SAFE)Câu 378 / 400
Under the SAFE Act, the term 'residential mortgage loan' generally refers to a loan that is:
a.Any commercial loan secured by an office building
b.A loan primarily for personal, family, or household use that is secured by a mortgage or lien on a dwelling
c.An unsecured personal signature loan
d.A loan secured only by an automobile
Giải thích
The SAFE Act ties the definition of a residential mortgage loan to a loan secured by a consensual security interest (mortgage or lien) on a dwelling or residential real estate. Commercial building loans, unsecured personal loans, and auto loans fall outside this definition.
Trích dẫn luật: SAFE ActLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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?
- If a state regulator finds that a licensed MLO violated the SAFE Act or state law, which of the following disciplinary actions may the regulator generally impose?
- Of the 20 hours of required pre-licensing education, how many hours must cover federal law and regulations?
- A candidate fails the SAFE MLO test three consecutive times. Under NMLS test rules, when may the candidate next attempt the test?
- An MLO who lets a license lapse and then reinstates it late must generally satisfy which continuing-education condition?
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Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra