Mlo safe exam Study guides, Class notes & Summaries
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![SAFE MLO Exam Prep Questions with complete solution 2023/2024](/docpics/4152328/65985d776650c_4152328_121_171.jpeg)
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SAFE MLO Exam Prep Questions with complete solution 2023/2024
- Exam (elaborations) • 17 pages • 2024
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SAFE MLO Exam Prep Questions with complete solution 2023/2024 
 
ECOA is Regulation ______ - correct answer Regulation B 
 
TILA is administered by ______ - correct answer CFPB 
 
HOEPA considers a loan to be high cost if total charges to borrower exceeds ______ % of loan amount? - correct answer 5% 
 
For reverse mortgage, TILA disclosure must be delivered how many days prior to closing? - correct answer 7 days
![MLO SAFE Test 2024 Exam Questions With 100% Correct Answers](/docpics/5414854/664f422e0aae4_5414854_121_171.jpeg)
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MLO SAFE Test 2024 Exam Questions With 100% Correct Answers
- Exam (elaborations) • 29 pages • 2024
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MLO SAFE Test 2024 Exam Questions 
With 100% Correct Answers 
Dodd-Frank - answer- Dodd-Frank Wall Street Reform and Consumer Protection Act of 
2010 
- Changed oversight & capitalization of financial institutions, added licensing an education 
standards, and limited riskier products in the marketplace 
- Established the CFPB 
- Defined and specifically outlawed UDAAPs 
CFPB - answer- Consumer Financial Protection Bureau 
- The Bureau 
- Oversees and enforces Dodd-Frank specifically to protect c...
SAFE MLO Exam Prep questions with correct answers.
![NMLS SAFE ACT MLO Exam - Ethics and Fraud Questions and Answers Already Passed](/docpics/5014297/661e33f026483_5014297_121_171.jpeg)
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NMLS SAFE ACT MLO Exam - Ethics and Fraud Questions and Answers Already Passed
- Exam (elaborations) • 65 pages • 2024
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NMLS SAFE ACT MLO Exam - Ethics and 
Fraud Questions and Answers Already 
 
Passed 
 
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...
![SAFE-NMLS-MLO-CA Exam Study (FULL SET) ALREADY PASSED](/docpics/5014289/661e33d71abca_5014289_121_171.jpeg)
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SAFE-NMLS-MLO-CA Exam Study (FULL SET) ALREADY PASSED
- Exam (elaborations) • 367 pages • 2024
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SAFE-NMLS-MLO-CA Exam Study (FULL 
 
SET) ALREADY PASSED 
 
Fraud for profit is a complex scheme involving... multiple parties, 
including mortgage lending professionals, in a financially motivated 
attempt to defraud the lender of large sums of money. 
 
If a lender sells, transfers, or otherwise disposes of its interest in a mortgage and does not service 
the mortgage, the lender shall... provide a copy of the Closing Disclosure to the new owner 
or servicer of the mortgage as a part of the tr...
NMLS SAFE ACT MLO Exam - Federal Law
![MLO SAFE NMLS EXAM GUDE TEST 2024.](/docpics/4935175/66110e6c223e5_4935175_121_171.jpeg)
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MLO SAFE NMLS EXAM GUDE TEST 2024.
- Exam (elaborations) • 38 pages • 2024
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MLO SAFE NMLS EXAM GUDE TEST 2024. 
Taking advantage of ill-informed consumers through excessively high fees, misrepresented loan terms, frequent refinancing that does not benefit the borrower and other prohibited acts is called __________________________. - correct answer Predatory Lending. 
 
RESPA-Real Estate Settlement Procedures Act - correct answer The Federal Statute that deals with the settlement of residential mortgage loans. 
 
RESPA's section 9 Prohibits - correct answer Home sellers...
![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 - 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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- $10.99
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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 questions with correct answers.
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