What law mandates fiar - Study guides, Class notes & Summaries

PFMC Exam 3 Questions and Complete Solutions

Revision notes for Evidence – Basic Principles.1. PURPOSE OF LAW OF EVIDENCE 2. ISSUES AND FACTS Facts versus evidence:  Facts are used to determine issues. The resolution of issues determines the outcome of a case. For example in criminal cases, the accused’s mens rea is an issue that must be determined.  Evidence is different, as they do not directly determine issues. While facts are generally derived from evidence, only facts that have been accepted or “found” by the judge...

1. How many times may a licensing candidate take the NMLS national examination before having to wait six months to retake it? - 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? - ANSWER-Answer: b) The SAFE Act prohibits an individual from obtaining a mortgage loan origin...