100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
NMLS Exam | Questions with 100% Correct Answers | verified $7.99   Add to cart

Exam (elaborations)

NMLS Exam | Questions with 100% Correct Answers | verified

 80 views  0 purchase

Housing & Economic Recovery Act 2008 - Title V - Entitled the S.A.F.E Mortgage Licensing Act S.A.F.E. - Secure and Fair Enforcement NMLS - Nationwide Mortgage Licensing System & Registry MLO - Mortgage Loan Originator S.A.F.E. Mortgage Licensing Act of 2008 - Enhance consumer protection, reduce...

[Show more]

Preview 2 out of 8  pages

  • June 12, 2023
  • 8
  • 2022/2023
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (1263)
avatar-seller
PatrickKaylian
NMLS Exam Housing & Economic Recovery Act 2008 - Title V - ✔✔Entitled the S.A.F.E Mortgage Licensing Act S.A.F.E. - ✔✔Secure and Fair Enforcement NMLS - ✔✔Nationwide Mortgage Licensing System & Registry MLO - ✔✔Mortgage Loan Originator S.A.F.E. Mortgage Licensing Act of 2008 - ✔✔Enhance consumer protection, reduce fraud by requiring ALL MLOs to be either state -licensed or federally registered. ALL states must must implement a MLO licensing process that meets certain standards through the NMLS What is pass score for NMLS -developed S.A.F.E. MLO Originator test? - ✔✔75% or better UST - ✔✔Uniform State Test ~ launched 4/1/2013 ~ 1st major change to S AFE MLO Test requirements since tests were launched in July 2009 CSBS/AARMR Model State Law (MSL) - ✔✔Conference of State Bank Supervisors/American Association of Residential Mortgage Regulators States which have NOT adopted UST - ✔✔West Virginia & Minne sota States which WILL adopt UST on 9/16/2017 - ✔✔South Carolina My NMLS Name & ID Number - ✔✔Allison Kaye Rosenzweig (1636636) My NMLS Registered Email Address - ✔✔arosen@topflitefinancial.com SAFE MLO Test "Effective Date" for National w/ Uniform Sta te Content - ✔✔November 1, 2014 SRR - ✔✔State Regulatory Registry, LLC ~ associated with SAFE MLO Test ~ Binding contract between you & SRR Who owns and operates NMLS? - ✔✔SRR (State Regulatory Registry, LLC) LOFT - ✔✔Linear on the Fly Testing ~ Enacted 2/16/2015 for National Test with Uniform State Test ~ Statistical Equating Standard Form ~ place all test takers on equal ground HUD - ✔✔US Department of Housing & Urban Development Waiting Period ~ Initial Te st Attempt FAIL - ✔✔30 Days Waiting Period ~ 2nd Test Attempt FAIL - ✔✔30 Days Waiting Period ~ 3rd Test Attempt - ✔✔180 Days RESPA (Regulation X) - ✔✔Real Estate Settlement Procedures Act GFE - ✔✔Good Faith Estimate LE - ✔✔Loan Estimate ECOA (Regula tion B) - ✔✔Equal Credit Opportunity Act TILA (Regulation Z) - ✔✔Truth in Lending Act

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller PatrickKaylian. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $7.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67163 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$7.99
  • (0)
  Add to cart