MLO FINAL UPDATED Actual Questions and CORRECT Answers
2 views 0 purchase
Course
MLO
Institution
MLO
MLO FINAL UPDATED Actual Questions
and CORRECT Answers
Every Dec 31st - CORRECT ANSWER- Florida mortgage license expire:
3 - CORRECT ANSWER- The pre licensing course must contain how many hours of
federal law?
3 - CORRECT ANSWER- The pre licensing course must contain how many hours of
ethi...
MLO FINAL UPDATED Actual Questions
and CORRECT Answers
Every Dec 31st - CORRECT ANSWER✔✔- Florida mortgage license expire:
3 - CORRECT ANSWER✔✔- The pre licensing course must contain how many hours of
federal law?
3 - CORRECT ANSWER✔✔- The pre licensing course must contain how many hours of
ethics material?
MU1 - CORRECT ANSWER✔✔- What form is used for a mortgage lender application ?
License is revoked - CORRECT ANSWER✔✔- What happens if the actions from a licensee
are responsible for a disbursement from the mortgage guaranty fund?
A Written agreement between broker and borrower - CORRECT ANSWER✔✔- What is
required before a mortgage broker can accept a fee for services from a borrower?
$4,333.33 - CORRECT ANSWER✔✔- An applicant is paid $2,000 every two weeks. What
is his gross monthly income?
MU3 - CORRECT ANSWER✔✔- What form is used for a mortgage broker branch office
application?
No complaint is needed - CORRECT ANSWER✔✔- In order to investigate a licensee for
violations of Florida mortgage laws:
Indefinitely - CORRECT ANSWER✔✔- What is the maximum amount of time a mortgage
loan servicer can service a loan?
, An Administrative judge - CORRECT ANSWER✔✔- Who issues a Recommended Order
for F.S. 494 violations?
Every Dec 31st - CORRECT ANSWER✔✔- Florida mortgage license expire:
3 - CORRECT ANSWER✔✔- The pre-licensing course must contain how many hours of
federal law?
3 - CORRECT ANSWER✔✔- The pre-licensing course must contain how many hours of
ethics material?
MU1 - CORRECT ANSWER✔✔- What form is used for a mortgage lender application ?
License is revoked - CORRECT ANSWER✔✔- What happens if the actions from a licensee
are responsible for a disbursement from the mortgage guaranty fund?
Written agreement between broker and borrower - CORRECT ANSWER✔✔- What is
required before a mortgage broker can accept a fee for services from a borrower?
$4,333.33 - CORRECT ANSWER✔✔- An applicant is paid $2,000 every two weeks. What
is his gross monthly income?
MU3 - CORRECT ANSWER✔✔- What form is used for a mortgage broker branch office
application?
No complaint is needed - CORRECT ANSWER✔✔- In order to investigate a licensee for
violations of Florida mortgage laws:
Indefinitely - CORRECT ANSWER✔✔- What is the maximum amount of time a mortgage
loan servicer can service a loan?
An Administrative judge - CORRECT ANSWER✔✔- Who issues a Recommended Order
for F.S. 494 violations?
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 MGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.49. You're not tied to anything after your purchase.
