Nội dung tiểu bang thống nhất (SAFE)Câu 382 / 400
Which statement best distinguishes a state-licensed MLO from a federally registered MLO?
a.State-licensed MLOs never need a unique identifier, but registered MLOs do
b.State-licensed MLOs work for non-depository lenders and must meet testing and education requirements, while registered MLOs work for depository institutions and are exempt from those testing and education requirements
c.Registered MLOs must pass the SAFE test but state-licensed MLOs do not
d.There is no difference; the terms are interchangeable
Giải thích
State-licensed MLOs (typically at independent mortgage companies) must pass the SAFE test, complete pre-licensing and continuing education, and meet bonding requirements. Federally registered MLOs at depository institutions register through NMLS and obtain a unique identifier but are not subject to the SAFE testing and education requirements. Both need a unique identifier.
Trích dẫn luật: SAFE ActLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- 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?
- The SAFE Act sets minimum national standards but allows states to do which of the following?
- An MLO places a radio advertisement for mortgage services. Under the SAFE Act, what must the advertisement include regarding the unique identifier?
- What was a primary factor motivating Congress to pass the SAFE Act in 2008?
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