NMLS

NMLS COMPUCRAM UNIFORM STATE CONTENT {2025} COMPLETE GUIDE WITH QUESTIONS & VERIFIED ANSWERS || RATIONALES| GRADED A+ 1. Conrad, a mortgage license originator, CORRECT ANSWER: BOTH the mortgage loan has resigned his position with Levenfeld originator and the sponsoring entity must notify Lenders, his sponsoring employer, to ac- the state regulatory authority of the termination. cept a new position as a mortgage loan originator with Joe Franklin, a licensed lender, who is the owne...

COMPUCRAM TEST 1 || 130+ QUESTIONS WITH 100% CORRECT ANSWERS | VERIFIED | LATEST UPDATE 2025 1. An attorney refers a friend looking to purchase a home to a broker. Subse- quently, the broker contacts the attor- ney's friend and assists in finding a property for the friend to buy. At what point might the broker be allowed to compensate the attorney for the refer- ral? 2. licensee would NOT be violating li- At no time Dual agency created by written consent from both ...

COMPUCRAM NMLS (ETHICS) 2025|26 || 55+ QUESTIONS WITH VERIFIED ANSWERS || COMPLETE GUIDE|| NEW|| GRADED A+|| LATEST VERSION 1. The primary purpose of the FACT Act is to protect identity theft consumers from 2. All consumers must be advised via an Adverse Action Notice that they are entitled to receive a written copy of their credit report if they request the copy within days from the receipt of the adverse action notice. 3. All of the following are prohibited acts for li- censed MLO ...

COMPUCRAM EXAM PREP {2025} 80+ ACTUAL QUESTIONS WITH VERIFIED ANSWERS || NEW|| GRADED A+ 1. Mary has been working with her buy- Mary cannot negotiate directly with the owner. er client for several months when the REASON: Mary cannot bypass the listing bro- buyer finally finds a property of in- terest. Mary shows the property and writes the offer, then calls the listing agent and leaves a message to be called back. Several hours later Mary still has not heard from the listing agent. Fin...

NMLS TEST PREP COMPUCRAM TEST|| 100+ QUESTIONS & DETAILED CORRECT ANSWERS || WITH VERIFIED ANSWERS 2025| COMPLETE GUIDE || GRADED A+ ALREADY 1. A borrower signs the note and mortgage for a refi- nance on his principal residence on Thursday, Dec. 31. What is the earliest day the funds for this loan could be disbursed (assuming no bona fide financial hardship)? Wednesday, Jan. 6 2. Who manages the National Do Not Call Registry? Federal Trade Commis- sion 3. What federal legis...

NMLS PRACTICE TEST 100 EXAM HARD QUESTIONS WITH CORRECT ANSWERS 2025|| GRADED A++ A discount point is BEST described as a charge the borrower pays to: A.) A lender to decrease the interest rate on the mortgage loan B.) A mortgage broker at the time of application to obtain a favorable rate C.) The seller as part of the closing costs of a loan D.) A lender to ensure against foreclosure - A.) A lender to decrease the interest rate on the mortgage loan A buyer has made an earnest money ...

NMLS SAFE EXAM|| QUESTIONS & CORRECT DETAILED ANSWERS WITH RATIONALES || COMPLETE GUIDE || ALREADY GRADED A++ Primary Mortgage Market - ANSWER Where credit institutions originate loans C. The maximum the rate can increase over the life of the loan - ANSWER When an ARM has rate caps of 5/2/6, the 6 refers to what? A. The maximum rate increase at the initial adjustment B. The start rate for the loan C. The maximum the rate can increase over the life of the loan D. The rate...

2025 NMLS TEST BANK QUESTIONS WITH ANSWERS GRADED A+ 2025/2026 If a consumer opens an account online, the Gramm-Leach-Bliley Act states that what period of time constitutes a "reasonable opportunity" to opt out of information sharing? A. 60 days B. 30 days C. Opt-out must occur immediately D. No specified period - B. 30 days Name at least one practice is prohibited under section 8 of RESPA. - Section 8 of RESPA prohibits a person from giving or accepting any thing of value for ref...

2025 NMLS END OF COURSE EXAM QUESTIONS WITH ANSWERS GRADED A+ 2025/2026 What is the maximum fee that may be charged for preparation of the Closing Disclosure? A. $50 B. .1% of the loan amount C. $0 D. 1% of the loan amount - C) $0 Don is refinancing his home in order to save money. If the loan goes through, his payment will drop from $2,000 per month (PITI) to $1,500 per month (PITI). Don's gross income each month is $6,800, but he has a $300 car payment, a $150 credit card payment...

2025 NMLS ALL GUIDE QUESTIONS WITH ANSWERS GRADED A+ 2025/2026 Getting consent over the phone - Must be Clear and Conspicuous and must connect with the representative within 2 seconds of the intro FCC - Federal Communications Commission The DNF defines a business relationship as the following - A prior or existing relationship formed by a voluntary two way communication between person and a business because of inquiries, application When an EBR is established a fax may be sent if - - you...