1|Page
NMLS SAFE EXAM || MOST RECENT EXAM ACTUAL
COMPLETE REAL VERIFIED EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | BRAND NEW!!!
Which of the following is responsible for determining
whether to issue a license approval?
a. The NMLS
b. The Governor
c. The CFPB
d. The State Regulatory Authority - Answer-d. The State
Regulatory Authority
An individual who is an employee of a depository
institution or a subsidiary of a depository institution meets
the definition of a loan originator, defined as a(n):
a. Licensed mortgage loan originator
b. Exempt mortgage loan originator
c. Registered mortgage loan originator
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d. Qualified mortgage loan originator - Answer-c.
Registered mortgage loan originator
Which of the following is used as a method of identifying
and holding licensees accountable, according to the
S.A.F.E. Act?
a. NMLS ID
b. Records of annual loan originator volume
c. Unique identifier
d. CSBS number - Answer-c. Unique identifier
Taneka is licensed and has received her unique identifier
from the NMLS. Taneka must clearly show her unique
identifier on all of the following, except:
a. Residential mortgage loan applications
b. Solicitations and advertisements
c. Websites
d. Interoffice communications - Answer-d. Interoffice
communications
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Each of the following is true about the Department of
Housing and Urban Development (HUD), except:
a. The Federal Housing Administration, with its liberal-
eligibility FHA loan programs, operates under HUD's
authority
b. It provides or makes referrals related to housing
counseling for loan applicants seeking a HECM or high-
cost home loan
c. Public housing and multi-family housing fall under its
purview
d. It has a major role in overseeing the mortgage industry -
Answer-d. It has a major role in overseeing the mortgage
industry
Which of the following is not a part of the definition of a
loan originator?
a. For compensation or gain, takes residential mortgage
applications
b. For the expectation of compensation or gain, offers or
negotiates terms of a residential mortgage loan
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c. Person or entity that only performs real estate
brokerage activities
d. For compensation or gain, negotiates residential
mortgage loans - Answer-c. Person or entity that only
performs real estate brokerage activities
Which of the following would most likely not be considered
a federally-regulated mortgage loan as defined by
RESPA?
a. Construction Loans
b. Subprime loan
c. FHA loan
d. Conventional loan - Answer-a. Construction Loans
Enhancing protection and reducing fraud by directing
states to adopt minimum uniform standards for the
licensing and registration of residential mortgage loan
originators was the purpose of the federal act known as
the:
a. S.A.F.E. Act
b. Federal Trade Act
NMLS SAFE EXAM || MOST RECENT EXAM ACTUAL
COMPLETE REAL VERIFIED EXAM QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
ALREADY GRADED A+ | BRAND NEW!!!
Which of the following is responsible for determining
whether to issue a license approval?
a. The NMLS
b. The Governor
c. The CFPB
d. The State Regulatory Authority - Answer-d. The State
Regulatory Authority
An individual who is an employee of a depository
institution or a subsidiary of a depository institution meets
the definition of a loan originator, defined as a(n):
a. Licensed mortgage loan originator
b. Exempt mortgage loan originator
c. Registered mortgage loan originator
,2|Page
d. Qualified mortgage loan originator - Answer-c.
Registered mortgage loan originator
Which of the following is used as a method of identifying
and holding licensees accountable, according to the
S.A.F.E. Act?
a. NMLS ID
b. Records of annual loan originator volume
c. Unique identifier
d. CSBS number - Answer-c. Unique identifier
Taneka is licensed and has received her unique identifier
from the NMLS. Taneka must clearly show her unique
identifier on all of the following, except:
a. Residential mortgage loan applications
b. Solicitations and advertisements
c. Websites
d. Interoffice communications - Answer-d. Interoffice
communications
,3|Page
Each of the following is true about the Department of
Housing and Urban Development (HUD), except:
a. The Federal Housing Administration, with its liberal-
eligibility FHA loan programs, operates under HUD's
authority
b. It provides or makes referrals related to housing
counseling for loan applicants seeking a HECM or high-
cost home loan
c. Public housing and multi-family housing fall under its
purview
d. It has a major role in overseeing the mortgage industry -
Answer-d. It has a major role in overseeing the mortgage
industry
Which of the following is not a part of the definition of a
loan originator?
a. For compensation or gain, takes residential mortgage
applications
b. For the expectation of compensation or gain, offers or
negotiates terms of a residential mortgage loan
, 4|Page
c. Person or entity that only performs real estate
brokerage activities
d. For compensation or gain, negotiates residential
mortgage loans - Answer-c. Person or entity that only
performs real estate brokerage activities
Which of the following would most likely not be considered
a federally-regulated mortgage loan as defined by
RESPA?
a. Construction Loans
b. Subprime loan
c. FHA loan
d. Conventional loan - Answer-a. Construction Loans
Enhancing protection and reducing fraud by directing
states to adopt minimum uniform standards for the
licensing and registration of residential mortgage loan
originators was the purpose of the federal act known as
the:
a. S.A.F.E. Act
b. Federal Trade Act
