[Feb-2026] NMLS MLO Dumps – Secret To Pass in First Attempt [Q42-Q60]

QUESTION 42
Which of the following duties requires licensure under the SAFE Act?

QUESTION 43
The purpose of a Suspicious Activity Report (SAR) is to report known or suspected violations or suspicious activity observed by financial institutions subject to the:

QUESTION 44
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?

QUESTION 45
The Equal Credit Opportunity Act (ECOA) defines the term “elderly” as anyone:

QUESTION 46
For an FHA loan, which of the following payments must a borrower make to protect a lender in case of a foreclosure?

QUESTION 47
The term “primary mortgage market” refers to which of the following responses?

QUESTION 48
The debt-to-income analysis should assess a borrower’s total monthly housing related payments as a percentage of the:

QUESTION 49
In a federally related mortgage loan transaction, a charge for a settlement service by a person for which no services or nominal services are performed is prohibited:

QUESTION 50
A title insurance policy ensures that:

QUESTION 51
Which of the following fees or charges is an allowable closing cost typically found on a Closing Disclosure?

QUESTION 52
A borrower has told the mortgage loan originator that they had recently paid off an account that was listed on their credit report. Which of the following information will they need to provide the lender to prove the account has been paid off?

QUESTION 53
The practice of denying a creditworthy applicant a loan for housing because of the location of the property is sometimes referred to as:

QUESTION 54
Which of the following entities is the primary regulatory authority for state-licensed, non-depository lenders?

QUESTION 55
Which of the following factors does not affect the funding fee on a VA purchase?

QUESTION 56
The SAFE Act defines a nontraditional mortgage as all of the following except:

QUESTION 57
If a mortgage loan includes a prepayment penalty, it must be included on which of the following disclosures?

QUESTION 58
The loan-to-value ratio for an FHA loan is calculated by dividing the loan amount by:

QUESTION 59
Mortgage loan originators planning to renew their licenses are required by the SAFE Act to complete which of the following education topics as part of their mandatory annual continuing education?

QUESTION 60
A mortgage loan originator (MLO) submits a refinance application for a primary residence. However, if the MLO later discovers that the property is no longer occupied by the borrower, which of the following actions, if any, should the MLO take?