NMLS MLO Mortgage Loan Origination (SAFE MLO) Exam Online Training
NMLS MLO Online Training
The questions for MLO were last updated at Apr 04,2025.
- Exam Code: MLO
- Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
- Certification Provider: NMLS
- Latest update: Apr 04,2025
Question #41
A second (subordinate) mortgage loan includes:
- A . government home purchase loan.
- B . conventional home purchase loan.
- C . home equity conversion mortgage.
- D . home equity lines of credit (HELOCs;
Question #42
What is the minimum amount of flood insurance a lender must require on a residential building located in a special flood hazard area?
- A . $50,000 for residential property structures
- B . $150,000 for residential property structures
- C . $250,000 for residential property structures
- D . $350,000 for residential property structures
Question #43
Offering or negotiating the terms of a loan includes which of the following actions?
- A . Providing general explanations or descriptions in response to a consumer’s inquiry
- B . Making an underwriting decision about whether an applicant qualifies for a loan
- C . Presenting particular loan terms to an applicant verbally, in writing, or otherwise
- D . Arranging the loan closing or other aspects of the loan process
Question #44
A borrower has been approved for a new home loan and has completed all necessary paperwork.
When should the borrower receive the Closing Disclosure?
- A . 4 business days prior lo consummation
- B . 3 business days prior to consummation
- C . 1 business day prior to consummation
- D . On the day of consummation
Question #45
Which of the following acts requires mortgage loan originators to complete annual continuing education to satisfy the requirement for licensure?
- A . The SAFE Act
- B . The Dodd-Frank Act
- C . The Truth in Lending Act (TILA)
- D . The Equal Credit Opportunity Act
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