Mlo exam Study guides, Class notes & Summaries
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![NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024.](/docpics/4934961/661106e84046e_4934961_121_171.jpeg)
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NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024.
- Exam (elaborations) • 37 pages • 2024
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NMLS SAFE ACT MLO Exam - Federal Law Final Review Test 2024. 
If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? 
 
A. 1 month 
B. 2 months 
C. 3 months 
D. 4 months - correct answer C. 3 months 
 
An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for...
NMLS SAFE ACT MLO Exam - Federal Law questions with correct answers
![NMLS SAFE ACT MLO Exam 2023 with 100% correct answers](/docpics/3406367/64fc75fbe9c9b_3406367_121_171.jpeg)
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NMLS SAFE ACT MLO Exam 2023 with 100% correct answers
- Exam (elaborations) • 39 pages • 2023
- Available in package deal
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- $16.49
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A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the 
 
A. Lender's right to increase the monthly payment amount for PMI 
 B. Borrower's right to refuse a PMI 
 C. Lender's right to extend the time for monthly payments for a PMI 
 D. Borrower's right to cancel PMI - correct answerD. Borrower's right to cancel PMI 
 
The Priv...
NMLS MLO Exam questions with correct answers
![NMLS SAFE ACT MLO Exam - Ethics And Fraud Study Guide Questions 2024.](/docpics/4934970/6611076838ee8_4934970_121_171.jpeg)
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NMLS SAFE ACT MLO Exam - Ethics And Fraud Study Guide Questions 2024.
- Exam (elaborations) • 39 pages • 2024
- Available in package deal
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NMLS SAFE ACT MLO Exam - Ethics And Fraud Study Guide Questions 2024. 
A lender provides a borrower with an initial amortization schedule for Private Mortgage Insurance (PMI) disclosure at loan closing for an adjustable-rate mortgage. The lender MUST also provide a written notice stating the 
 
A. Lender's right to increase the monthly payment amount for PMI 
 B. Borrower's right to refuse a PMI 
 C. Lender's right to extend the time for monthly payments for a PMI 
 D. Borrower's right to ca...
SAFE MLO Exam Prep questions with correct answers.
MLO EXAM QUESTIONS AND ANSWERS
![NMLS MLO Exam Questions and Answers 100% Accurate 2024](/docpics/4235716/65a56c32954a5_4235716_121_171.jpeg)
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NMLS MLO Exam Questions and Answers 100% Accurate 2024
- Exam (elaborations) • 15 pages • 2024
- Available in package deal
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NMLS MLO Exam Questions and Answers 100% Accurate 2024 
What must a borrower do to avoid having late payments reported to a credit bureau? 
Pay within 30 days of due date 
 
 
 
Max penalty if a borrower is required to use a specific title company or settlement agent? 
3 times the fee 
 
 
 
 
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What should not be over-weighted in an analysis of borrower repayment capacity? ...
![NMLS SAFE ACT MLO Exam 2023 with 100% correct answers](/docpics/3406372/64fc763b5be20_3406372_121_171.jpeg)
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NMLS SAFE ACT MLO Exam 2023 with 100% correct answers
- Exam (elaborations) • 37 pages • 2023
- Available in package deal
-
- $13.49
- + learn more
If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? 
 
A. 1 month 
B. 2 months 
C. 3 months 
D. 4 months - correct answer -C. 3 months 
 
An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for three months after the inquiry or application. During this t...
![NMLS SAFE ACT MLO Exam - Federal Law](/docpics/3624972/652c5b792d30d_3624972_121_171.jpeg)
-
NMLS SAFE ACT MLO Exam - Federal Law
- Exam (elaborations) • 37 pages • 2023
- Available in package deal
-
- $10.99
- + learn more
NMLS SAFE ACT MLO Exam - Federal Law 
 
 
If a borrow is on the DO NOT CALL LIST and makes an inquiry about doing business with you in regards to a loan, when does right to contact them expire? 
 
A. 1 month 
B. 2 months 
C. 3 months 
D. 4 months - ANSWER-C. 3 months 
 
An established business relationship with a company also will be created if you make an inquiry to the company, or submit an application to it. This kind of established business relationship exists for three months after the inqu...
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