100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
NMLS loan officer; Test with Verified Solutions 100% Solved $11.99   Add to cart

Exam (elaborations)

NMLS loan officer; Test with Verified Solutions 100% Solved

 6 views  0 purchase

NMLS loan officer; Test with Verified Solutions 100% Solved

Preview 2 out of 9  pages

  • September 12, 2024
  • 9
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
All documents for this subject (1223)
avatar-seller
TheeGrades
NMLS loan officer; Test with Verified Solutions 100%
Solved

LO & UW CORRECT ANS-An individual who performs clerical or support duties at the

direction of and subject to the supervision and instruction of a state licensing LO or registered

LO




Registered LO CORRECT ANS-Is an employee of a depository institutions( bank) registered

and maintains an NMLS does not take the UST.




Federal banking agencies CORRECT ANS-1. The Board of Governors


2. The comptroller of the currency


3. The national credit union administration


4. The federal deposit insurance corporation




State licensed LO CORRECT ANS-Not an employee of a depository institution, a subsidiary

that is owned and controlled by a depository institution and regulated by a federal agency, an

institution regulated by the farm credit admin

, NMLS loan officer; Test with Verified Solutions 100%
Solved
Uniform state test CORRECT ANS-Regulation H




Secure and a Fair Enforcement for mortgage licensing act of 2008 CORRECT ANS-Require

licensing for LO's




HERA (housing and recovery act of 2008) CORRECT ANS-Focused on Subprime lending

practices




NMLS CORRECT ANS-Nationwide mortgage licensing system and registry




State licensing agencies CORRECT ANS-Laws include Loan originator licensing

requirements, requirement for effective supervision of those who are licensed, a program for

enforcement of the law




State regulators CORRECT ANS-Effective supervision includes participating in NMLS, writing

rules and regs, conducting background checks,civil or admin records, credit history, setting

and accepting fees etc

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 TheeGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

82871 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
$11.99
  • (0)
  Add to cart