NMLS Mortgage Loan Origination (SAFE MLO) 認定 MLO 試験問題:

1. When applying for a home equity line of credit (HELOC), consumers should review documentation carefully and be sure that they consider:

A) if the HELOC is insured by HUD.
B) if the company offering the HELOC has deposit accounts insured by the FDIC.
C) the APR and the costs of acquiring and maintaining the HELOC.
D) if the HELOC requires private mortgage insurance

2. Which of the following responses describes the loan-to-value ratio when buying a home?

A) The loan amount divided by the appraised value
B) The total loan amount, plus closing costs, divided by the appraised value
C) The total loan amount, plus mortgage insurance, divided by the appraised value
D) The loan amount divided by the lesser of the appraised value or the sales price

3. Which of the following information must be included in advertisements?

A) Estimated loan closing time frames
B) A statement of an unrealistic interest rate
C) An NMLS unique identifier
D) Mortgage loan originator contact information

4. According to the Truth in Lending Act (TILA), which of the following advertising statements does not require additional disclosures to supplement the advertisement?

A) "15-year and 30-year mortgages available"
B) "Come in today for your free consultation"
C) "Payments as low as $600 for a $100,000 mortgage"
D) "Only 1 point up front to get you in a home"

5. When obtaining a mortgage loan, title insurance is required to protect the:

A) lender providing the financing.
B) mortgage loan officer.
C) settlement agent.
D) seller of the property.

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