NMLS Exam Correct Questions And Answers

Housing & Economic Recovery Act 2008 - Title V - ANSWER Entitled the S.A.F. S.A.F.E. - ANSWER Secure and Fair Enforcement NMLS - ANSWER Nationwide Mortgage Licensing System & Registry MLO - ANSWER Mortgage Loan Originator S.A.F.E. Mortgage Licensing Act of 2008 - ANSWER Enhance consumer protection, reduce fraud by requiring ALL MLOs to be either state-licensed or federally registered. ALL states must must implement a MLO licensing process that meets certain standards through the NMLS What is pass score for NMLS-developed S.A.F.E. MLO Originator test? - ANSWER 75% or better UST - ANSWER Uniform State Test ~ launched 4/1/2013 ~ 1st major change to SAFE MLO Test requirements since tests were launched in July 2009 CSBS/AARMR Model State Law (MSL) - ANSWER Conference of State Bank Supervisors/American Association of Residential Mortgage Regulators States which have NOT adopted UST - ANSWER West Virginia & Minnesota States which WILL adopt UST on 9/16/2017 - ANSWER South Carolina My NMLS Name & ID Number - ANSWER Allison Kaye Rosenzweig (1636636)