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UST Test Prep 1 Questions And Answers With Verified Solutions Already Passed!!!
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UST Test Prep 1 Questions And Answers With Verified Solutions Already Passed!!!
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UST Test Prep 1 Questions And AnswersWith Verified Solutions Already
Passed!!!
A loan originator who applies to be licensed again must: - ANSWER✔✔ complete
the Continuing Education requirements for the last year in which the license was
held
A loan originator is: - ANSWER✔✔ An individual who takes a residential
mortgage loan application and offers or negotiates terms of a residential mortgage
loan for compensation or gain
All of the following are required to be licensed except: - ANSWER✔✔ an
individual negotiating a residential mortgage loan with or on behalf of an
immediate family membe
Which of the following is not considered a Federal Banking Agency? -
ANSWER✔✔ The Consumer Financial Protection Bureau
The Regulatory Authority may impose penalties for each violation up to, and not
exceeding: - ANSWER✔✔ $25,000
The Unique Identifier, issued by NMLS, of any person originating a residential
mortgage loan shall be clearly shown on all of the following except: -
ANSWER✔✔ on the company's front door
A Mortgage Loan Originator is: - ANSWER✔✔ any person who for compensation
places a loan within this state for others
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