REAL ESTATE LINCENSING QUIZ TEST. COMPLETE QUESTIONS AND ANSWERS GRADED A+. LATEST 2025/26 UPDATE.
0 view 0 purchase
Course
REAL ESTATE LINCENSING
Institution
REAL ESTATE LINCENSING
REAL ESTATE LINCENSING QUIZ TEST. COMPLETE QUESTIONS AND ANSWERS GRADED A+. LATEST 2025/26 UPDATE.
HOEPA stands for:
Home and Equity Protection Act
Home-ownership and Equity Protection Act - Correct Answer -
High Equity Position Act
Home Equity Protection Act
The application fee f...
REAL ESTATE LINCENSING QUIZ TEST.
COMPLETE QUESTIONS AND ANSWERS
GRADED A+. LATEST 2025/26 UPDATE.
HOEPA stands for:
Home and Equity Protection Act
Home-ownership and Equity Protection Act - Correct Answer -
High Equity Position Act
Home Equity Protection Act
The application fee for an RMLA license is?
$2,143.00 - Correct Answer -
B. $1,500.00
C. $1.250.00
D. $600.00
The acronym MLO, stands for which of the following?
Mortgage loan officer
Mortgage loan originator - Correct Answer -
Mortgage lending officer
Mortgage lending originator
Residential Mortgage Lending act licenses:
Mortgage Loan Originators
Individuals
Business entities - Correct Answer -
Mortgage Brokers
The unique identifier obtained by a licensed mortgage loan originator, through NMLS, must
be clearly shown on all of the following, EXCEPT:
Mortgage loan application forms
, Advertisements
Internal office stationary - Correct Answer -
None of the above
When a mortgage lender willfully misleads a borrower, it is referred to as:
Mortgage Fraud
Redlining
Predatory Lending - Correct Answer -
None of The Above
The Director may not deny a Mortgage Loan Originator license if:
A licensee has had a license revoked in another state
A licensee closes a High Risk Home Loan Act loan - Correct Answer -
A licensee closes a loan while waiting for their license to be approved
A licensee violates RMLA
In which of the following documents would you find the regulations for a Mortgage Broker?
RMLA - Correct Answer -
High Cost Loan Act
Good Funds Act
SB 1167
MU4 is required for:
Corporations
Investors
Mortgage Loan Originators - Correct Answer -
Persons
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Nurslink. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
