MLO：最新的NMLS認證MLO考題，Mortgage Loan Origination (SAFE MLO) Exam認證

問題1
Which of the following applicant characteristics is legally permitted to be considered in evaluating credit risk?

A. Whether the applicant's age makes them ineligible for credit-related insurance

B. Whether the alimony payments the applicant relies on for income are likely to continue and to be consistently made

C. Whether the applicant has a phone number listing in their name

D. Whether the applicant seems likely to have children

正確答案: B

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問題2
Which of the following conditions must be met when presenting loan product options to a consumer?

A. The presentation of loan products with prepayment penalties

B. The presentation of loan products for which the consumer likely qualifies

C. The presentation of loan products from creditors with which the mortgage loan originator does not regularly do business

D. The presentation of loan products with the highest interest rates

正確答案: B

說明：（僅 PDFExamDumps 成員可見）

問題3
Interest-only mortgages are considered high risk compared to traditional mortgage products because:

A. scheduled payments do not reduce the loan's principal balance.

B. the interest rate exceeds the APOR by 6.5 percentage points.

C. the interest rate exceeds the average prime offer (APOR) rate by 1.5 percentage points.

D. the borrower's ability to repay is not considered when making the credit decision.

正確答案: A

說明：（僅 PDFExamDumps 成員可見）

問題4
Which of the following actions should a mortgage loan originator (MLO) take if a real estate broker offers the MLO $500 to obtain a purchase-money mortgage for the real estate broker's client?

A. Decline the money

B. Accept the money after obtaining the requested loan for the client

C. Receive the $500 fee and include it on the Closinq Disclosure

D. Apply the $500 towards the downpayment

正確答案: A

說明：（僅 PDFExamDumps 成員可見）

問題5
How many days after loan consummation does a lender have to refund an excess charge subject to the 10% aggregate tolerance?

A. 60 days

B. 50 days

C. 90 days

D. 45 days

正確答案: A

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問題6
A mortgage loan originator is not required to provide an applicant with an initial Loan Estimate within the three business day period requirement if the applicant does which of the following?

A. Has not selected a loan program

B. Waives the right to receive a Loan Estimate

C. Withdraws the application within three business days

D. Signs a Truth in Lending statement

正確答案: C

說明：（僅 PDFExamDumps 成員可見）

問題7
Upon becoming employed by a state-licensed mortgage company, an individual who works for a depository institution as a mortgage loan originator (MLO) shall not be deemed to have temporary authority to act as an MLO in an application state if which of the following events has occurred?

A. The individual has submitted an application to be a state-licensed MLO in the application state and was registered in the NMLS as an MLO by the prior employer.

B. The individual had an application for an MLO license denied or an MLO license revoked or suspended in any Governmental jurisdiction.

C. The individual has been subject to a court order for payment of child support.

D. The individual has been a witness in a trial at which the defendant was convicted of felony fraud.

正確答案: B

說明：（僅 PDFExamDumps 成員可見）

問題8
According to Federal Reserve Regulation Z, which of the following fees is a finance charge in a residential mortgage transaction?

A. Credit report

B. Notary

C. Title Insurance

D. Interest

正確答案: D

說明：（僅 PDFExamDumps 成員可見）

問題9
A consumer with HIV/AIDS is protected from lending discrimination by the:

A. Equality Act

B. Dodd-Frank

C. Employment Non-Discrimination Act

D. Fair Housing Act

正確答案: D

說明：（僅 PDFExamDumps 成員可見）

問題10
A mortgage loan originator (MLO) takes an application for a borrower who is obtaining an owner-occupied maximum amount refinance loan. The borrower also asks for a loan application for a new house that they are purchasing that will not be finished until 60 days after the refinance loan closes. Although the MLO advises the borrower that the terms of the refinance loan require that they occupy the property for 12 months, the borrower says that the new purchase loan will not close until after the refinance loan has closed. The MLO must:

A. take both applications and do one loan "in house" and broker the second loan to another lender.

B. refer the borrower to another lender for the purchase loan so that the MLO is permitted to get a commission on the refinance loan.

C. refer the purchase loan to another MLO in their company to obtain a referral fee.

D. advise the borrower that the MLO can do the refinance loan as a non-owner-occupied loan and the purchase loan as an owner-occupied loan.

正確答案: D

說明：（僅 PDFExamDumps 成員可見）

問題11
After receiving a completed application for a creditor's approval of a counteroffer, the creditor must notify an applicant of action taken within how many calendar days?

A. 60 calendar days

B. 15 calendar days

C. 20 calendar days

D. 30 calendar days

正確答案: D

說明：（僅 PDFExamDumps 成員可見）

問題12
Which of the following data should not be included in a borrower's personal data collected under the Home Mortgage Disclosure Act (HMDA)?

A. Ethnicity

B. Sex

C. Religion

D. Race

正確答案: C

說明：（僅 PDFExamDumps 成員可見）

問題13
The Equal Credit Opportunity Act (ECOA) defines the term "elderly" as anyone:

A. 60 years of age or older.

B. 70 years of age or older.

C. 62 years of age or older.

D. 65 years of age or older.

正確答案: C

說明：（僅 PDFExamDumps 成員可見）

問題14
The characteristics of a fixed-rate mortgage include a:

A. mandatory 30-year term.

B. minimum balloon payment.

C. fixed interest rate.

D. fixed margin.

正確答案: C

說明：（僅 PDFExamDumps 成員可見）

問題15
Which of the following statements is true regarding a fixed-rate mortgage?

A. The rate is fixed for 10 years and then adjusts every year thereafter.

B. The rate is fixed for 15 years and is followed by a single balloon payment.

C. The rate is fixed for 30 years with no adjustment.

D. The rate is fixed for 5 years and is followed by a step-up for 5 years.

正確答案: C

說明：（僅 PDFExamDumps 成員可見）

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