Safe MLO
Liberty University
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SAFE MLO Exam 2022 QUESTIONS WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 7 pages • 2022
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AARMR stands for Correct Answer: American Association of Residential Mortgage Regulations 
 
AML Correct Answer: Anti-Money Laundering 
 
Blockbusting Correct Answer: Illegal practice of inducing homeowners to sell their properties cheaply by telling them that a certain people of a certain race, national origin or religion are moving into the area, and thus profiting by reselling at a higher price 
 
CC&R Correct Answer: covenants, conditions, and restrictions 
 
CFPB Correct Answer: The Co...
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Safe MLO practice 1st test July 2022| 125 QUESTIONS| WITH COMPLETE SOLUTIONS
- Exam (elaborations) • 18 pages • 2022
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- $10.49
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1. How many times may a licensing candidate take the NMLS national examination before having to wait six months to retake it? Correct Answer: Answer: b) Candidates who fail the exam must wait 30 days between each subsequent attempt. After failing the exam a third time, the waiting period increases to six months. 
 
2. Which of the following loan originator license applications would automatically be declined? Correct Answer: Answer: b) The SAFE Act prohibits an individual from obtaining a mort...
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