Nội dung tiểu bang thống nhất (SAFE)Câu 394 / 400
Which of the following individuals is acting as a mortgage loan originator and would generally need to be licensed or registered?
a.A licensed appraiser determining the market value of a home
b.A loan officer who takes a borrower's application and negotiates the interest rate and loan terms for compensation
c.A title company employee preparing the title commitment
d.A home inspector evaluating the physical condition of the property
Giải thích
A loan officer who takes applications and negotiates loan terms for compensation squarely fits the SAFE Act definition of an MLO. Appraisers, title company staff, and home inspectors perform separate real-estate functions and are not MLOs by virtue of those roles.
Trích dẫn luật: SAFE ActLuyện miễn phí toàn bộ 400 câu hỏi — không cần đăng ký.
Câu hỏi liên quan cùng chủ đề
- Under the SAFE Act, an MLO must report certain changes to NMLS, such as a new criminal charge or a change of address, in order to:
- Which of the following would most likely be considered prohibited conduct subject to disciplinary action under the SAFE Act?
- The pre-licensing education requirement under the SAFE Act must be completed through:
- What is the purpose of requiring MLOs to disclose their unique identifier to consumers?
- A regulator issues a cease-and-desist order against an MLO. What does this order require the MLO to do?
- How does the surety bond amount for a state-licensed MLO or company typically vary?
Cập nhật gần nhất: · quy trình kiểm tra
Đội Ngũ Biên Tập PrepPass · Đối chiếu với NMLS SAFE Mortgage Loan Originator National Test · Quy trình kiểm tra