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Question # 4

Which action would most likely lead to disciplinary action against a licensed MLO by a state regulator?

Options:

A.

Providing truthful disclosures to borrowers

B.

Refusing to close a loan after an applicant withdraws

C.

Engaging in fraud or misrepresentation during origination

D.

Retaining servicing rights after selling a loan

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NMLS Overview

Name SAFE Mortgage Loan Originator
Code NMLS
Vendor Finance, Insurance and Real Est
Certification Nationwide Multistate Licensing System (NMLS)

NMLS Questions