NMLS UST 2023/2024 Home Study Thorough Review and Complete Answers Ace your first Attempt
Which of the following is not considered "prohibited conduct"? - correct answer Making a costly error
Background checks performed by the Regulatory Authority cannot include - correct answer Personal ...
NMLS UST 2023/2024 Home Study Thorough
Review and Complete Answers Ace your first
Attempt
Which of the following is not considered "prohibited conduct"? -
correct answer Making a costly error
Background checks performed by the Regulatory Authority
cannot include - correct answer Personal checking account
information
The Unique Identifier, issued by NMLS, of any person originating
a residential mortgage loan shall be clearly shown on all of the
following except - correct answer on the company's front
door
An example of prohibited conduct is - correct answer
accepting fees from a consumer in the Loan Originator's own
name
The Regulatory Authority shall NOT have free and reasonable
access to licensees' - correct answer tax returns
By taking and passing the UST , as of 3/1/16, you will meet the
exam requirements of how many state mortgage agencies? -
correct answer 51 agencies
,The Unique Identifier, issued by NMLS, of any person originating
a residential mortgage loan shall be clearly shown on all of the
following except - correct answer emails
When was the Housing and Economic Recovery Act signed into
law? - correct answer 2008
A licensed loan originator who is an instructor of an approved
Continuing Education course may receive credit for the licensed
loan originator's own annual Continuing Education requirement
at the rate of - correct answer two hours of credit for every
one hour taught
Upon the recovery of any claim on the bond, the licensee shall
file a new bond - correct answer immediately
The Regulatory Authority may do any of the following if an
applicant fails to meet requirements for receiving a license
except:
Deny a license
Issue a license
Suspend a license
Revoke a license - correct answer issue a license
Surety bonds must be maintained by - correct answer all
licensees, unless excluded by the Regulatory Authority
_____ is an interpretation of a Statute - correct answer rule
, Confidentiality and information sharing by the NMLS about mlos
applies to all of the following EXCEPT:
Employment history
Disciplinary actions against mortgage loan originators
Enforcement actions against mortgage loan originators
Credit scores - correct answer credit scores
The following definition describes which of the following?
Any loan primarily for personal, family, or household use that is
secured by a mortgage, deed of trust, or other equivalent
consensual security interest on a dwelling or residential real
estate upon which is constructed, or intended to be constructed,
a dwelling - correct answer Residential Mortgage Loan
A Mortgage Banker is - correct answer a person who
engages in the mortgage loan business by directly or indirectly
originating and closing mortgage loans with its own funds in the
primary market for consideration
If the Regulatory Authority orders a cease and desist, the order
becomes effective - correct answer at time the Licensee is
served papers
A person operating without a license is subject to - correct
answer civil money penalites
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