UST Test Prep 1 Exam Questions With Verified Answers
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Course
UST
Institution
UST
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 ...
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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