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Updated: Jul 14, 2026

No. of Questions: 232 Questions & Answers with Testing Engine

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NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

1. Which of the following does a higher-priced mortgage require if the seller acquired the home 90 days or fewer prior to the date of the purchase contract and the sales price exceeds the seller's acquisition price by more than
10%?

A) Two written appraisals and one automated valuation model
B) One written appraisal and one broker price opinion
C) One written appraisal only and one automated valuation model
D) Two written appraisals only


2. Under the TILA-RESPA Integrated Disclosure rule (TRID), what is the minimum time period that must pass between a borrower's receipt of a Loan Estimate and the closing of a mortgage loan?

A) 7 business days
B) 45 calendar days
C) 15 business days
D) 30 business days


3. Which of the following acts requires mortgage loan originators to complete annual continuing education to satisfy the requirement for licensure?

A) The Dodd-Frank Act
B) The SAFE Act
C) The Truth in Lending Act (TILA)
D) The Equal Credit Opportunity Act


4. A written agreement guaranteeing a specific rate is called:

A) A loan application
B) A preapproval letter
C) A lock-in agreement
D) An intent to proceed agreement


5. When providing documents to a state regulator regarding a consumer complaint that was submitted to the state regulator, a licensed company should:

A) Send the documents by U.S. mail rather than electronically for privacy reasons.
B) Redact any names and personal information before providing the documents for privacy reasons.
C) Provide the documents along with the company's explanation of what caused the complaint.
D) Contact the consumer to get their authorization to provide documents to the regulator.


Solutions:

Question # 1
Answer: D
Question # 2
Answer: A
Question # 3
Answer: B
Question # 4
Answer: C
Question # 5
Answer: C

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