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Exam (elaborations)

UST Test Prep 1 Exam Questions With Verified Answers

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UST Test Prep 1 Exam Questions With Verified Answers A loan originator who applies to be licensed again must: - answercomplete the Continuing Education requirements for the last year in which the license was held A loan originator is: - answerAn individual who takes a residential mortgage loan ...

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  • October 2, 2024
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UST Test Prep 1 Exam Questions With
Verified Answers




A loan originator who applies to be licensed again must: - answer✔complete the Continuing

Education requirements for the last year in which the license was held


A loan originator is: - answer✔An individual who takes a residential mortgage loan application

and offers or negotiates terms of a residential mortgage loan for compensation or gain


All of the following are required to be licensed except: - answer✔an individual negotiating a

residential mortgage loan with or on behalf of an immediate family membe


Which of the following is not considered a Federal Banking Agency? - answer✔The Consumer

Financial Protection Bureau

The Regulatory Authority may impose penalties for each violation up to, and not exceeding: -

answer✔$25,000


The Unique Identifier, issued by NMLS, of any person originating a residential mortgage loan

shall be clearly shown on all of the following except: - answer✔on the company's front door

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