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NMLS MLO Dumps Questions Answers

Exam Code:
MLO
Last Update: Nov 17, 2024
120 Questions Answers with Explanation Detail
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MLO Q&A's Detail

Exam Code:
MLO
Total Questions:
120 Q&A's
Single Choice Questions:
120 Q&A's

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All SAFE MLO Related Certification Exams

Other NMLS Certification Exams

Mortgage Loan Origination (SAFE MLO) Exam Questions and Answers

Questions 1

Which of the following loan types may be considered a qualified loan under ability-to-pay rules

Options:

A.

An interest-only mortgage

B.

A loan with a balloon payment

C.

A loan with negative amortization

D.

A mortgage with an adjustable rate

Questions 2

How often must a nonexempt telemarketing entity check their call list against the National Do Not Call Registry?

Options:

A.

Every 7 days

B.

Every 2 weeks

C.

Every 31 days

D.

Annually

Questions 3

Which of the following services is included in the definition of a settlement service?

Options:

A.

Flood insurance

B.

Homeowners association fees

C.

Title company/escrow agent services

D.

Sale of the mortgage loan on the secondary market

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