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MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS
LATEST VERSION 2026 SOLVED QUESTIONS & ANSWERS
VERIFIED 100% GRADED A+
What is the minimum passing score for the NMLS SAFE National Test with
Uniform State Content?
A. 70%
B. 72%
C. 75%
D. 80%
75%
How many total questions are on the NMLS SAFE National Exam?
A. 100
B. 120
C. 125
D. 150
125 (115 scored + 10 unscored)
How much time is allotted to complete the SAFE MLO National Exam?
A. 1 hour
B. 2 hours
C. 3 hours
D. 4 hours
2 hours
How many of the questions on the exam are scored?
A. 100
B. 110
C. 115
D. 125
115
, Page 2 of 39
If a candidate fails the SAFE MLO National Exam on the first attempt, how long
must they wait before retaking the test?
A. 5 days
B. 14 days
C. 21 days
D. 30 days
30 days
After three consecutive failed attempts at the exam, how long is the mandatory
waiting period before retesting?
A. 60 days
B. 90 days
C. 180 days
D. 120 days
180 days
Which of the following is TRUE about the unscored questions on the exam?
A. They are meant to confuse test-takers.
B. They don't count toward your final score.
C. They must all be answered correctly to pass.
D. You can skip them without penalty.
They don't count toward your final score.
Where can a candidate register to take the SAFE MLO National Test?
A. NMLS Online Portal
B. Prometric Testing Centers
C. HUD Website
D. CFPB Website
NMLS Online Portal
How often can a candidate take the SAFE MLO exam after completing the
required 20-hour pre-licensing education?
A. As many times as needed
B. Only once per year
C. A maximum of 3 times total
D. As many times as needed, with waiting periods after failures
As many times as needed, with waiting periods after failures
, Page 3 of 39
Which of the following best describes the format of the SAFE MLO National
Exam?
A. Written essay
B. Multiple choice
C. True/False only
D. Oral interview
Multiple choice
Taking advantage of ill-informed consumers through excessively high fees,
misrepresented loan terms, frequent refinancing that does not benefit the
borrower and other prohibited acts is called __________________________.
Predatory Lending.
RESPA-Real Estate Settlement Procedures Act
The Federal Statute that deals with the settlement of residential mortgage loans.
RESPA's section 9 Prohibits
Home sellers from requiring home buyers to purchase title insurance from a
particular company providing title services.
The Dodd-Frank Act modifies ECOA to require a creditor to furnish a copy of
an appraisal developed in connection with a first
mortgage_____________________ and absolutely not later than ________
business days prior to closing.
upon completion and 3 business days
TIL (Truth In Lending Disclosure) & GFE (Good Faith Estimate)
Per the Dodd Frank Act, a single disclosure form combines these 2 statements.
Per the Dodd-Frank Acvt, to be a "qualified mortgage" total points and fees
may not exceed ________% of the total loan amount.
3% (three percent)
Per a provision of the Dodd-Frank Act mortgage lenders are to determine that
a borrower has a reasonable ability to repay a loan. Does this provision apply
to all loans or just owner occupied loans?
All loans, whether owner occupied or not.
A loan subject to HOEPA allows prepayment penalties for the first ______
years of the loan.
2 (two) years
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Per the Dodd-Frank Act an abusive act would include which of the following:
1. One that materially interferes with the consumers ability to understand the
product or service.
2. One that take unreasonable advantage of a consumers' lack of
understanding.
3. One that takes unreasonable advantage of the consumer's reasonable
reliance on the MLO.
All three would be considered abusive acts.
Per the Dodd-Frank Act if an MLO receives compensation directly from a
consumer, up to how much additional compensation may be received from a
lender in the same transaction?
$0.00, dual compensation is not allowed. Compensation must be borrower paid or
lender paid.
What kinds of reasons are necessary for a lender to take adverse action with
regard to a borrower?
Specific reasons.
Adverse action means ______________________.
A denial or revocation of credit. Also, a change in the terms of an existing credit
arrangement or a refusal to grant credit in substantially the amount or terms
requested.
Per Regulation B, Lenders should retain certain records for _____________
months.
25 Months
Because of the impact of the Dodd-Frank Act on a second mortgage, an APR
that exceeds the ________ by more than _____% is the trigger that defines a
high cost loan.
APOR ( Average Prime Offer Rate), 8.5%
Regulation C is known as ________________________.
HMDA, The Home Mortgage Disclosure Act.
What is the purpose of HMDA?
The HMDA determines whether financial institutions are serving the housing needs
of their communities. It also identifies patterns of discriminatory lending.
Under what circumstances can a lender with an Affiliated Business
Arrangement require a borrower to use a specific third party service provider?
MLO SAFE NMLS SAFE TEST PRACTICE QUESTIONS
LATEST VERSION 2026 SOLVED QUESTIONS & ANSWERS
VERIFIED 100% GRADED A+
What is the minimum passing score for the NMLS SAFE National Test with
Uniform State Content?
A. 70%
B. 72%
C. 75%
D. 80%
75%
How many total questions are on the NMLS SAFE National Exam?
A. 100
B. 120
C. 125
D. 150
125 (115 scored + 10 unscored)
How much time is allotted to complete the SAFE MLO National Exam?
A. 1 hour
B. 2 hours
C. 3 hours
D. 4 hours
2 hours
How many of the questions on the exam are scored?
A. 100
B. 110
C. 115
D. 125
115
, Page 2 of 39
If a candidate fails the SAFE MLO National Exam on the first attempt, how long
must they wait before retaking the test?
A. 5 days
B. 14 days
C. 21 days
D. 30 days
30 days
After three consecutive failed attempts at the exam, how long is the mandatory
waiting period before retesting?
A. 60 days
B. 90 days
C. 180 days
D. 120 days
180 days
Which of the following is TRUE about the unscored questions on the exam?
A. They are meant to confuse test-takers.
B. They don't count toward your final score.
C. They must all be answered correctly to pass.
D. You can skip them without penalty.
They don't count toward your final score.
Where can a candidate register to take the SAFE MLO National Test?
A. NMLS Online Portal
B. Prometric Testing Centers
C. HUD Website
D. CFPB Website
NMLS Online Portal
How often can a candidate take the SAFE MLO exam after completing the
required 20-hour pre-licensing education?
A. As many times as needed
B. Only once per year
C. A maximum of 3 times total
D. As many times as needed, with waiting periods after failures
As many times as needed, with waiting periods after failures
, Page 3 of 39
Which of the following best describes the format of the SAFE MLO National
Exam?
A. Written essay
B. Multiple choice
C. True/False only
D. Oral interview
Multiple choice
Taking advantage of ill-informed consumers through excessively high fees,
misrepresented loan terms, frequent refinancing that does not benefit the
borrower and other prohibited acts is called __________________________.
Predatory Lending.
RESPA-Real Estate Settlement Procedures Act
The Federal Statute that deals with the settlement of residential mortgage loans.
RESPA's section 9 Prohibits
Home sellers from requiring home buyers to purchase title insurance from a
particular company providing title services.
The Dodd-Frank Act modifies ECOA to require a creditor to furnish a copy of
an appraisal developed in connection with a first
mortgage_____________________ and absolutely not later than ________
business days prior to closing.
upon completion and 3 business days
TIL (Truth In Lending Disclosure) & GFE (Good Faith Estimate)
Per the Dodd Frank Act, a single disclosure form combines these 2 statements.
Per the Dodd-Frank Acvt, to be a "qualified mortgage" total points and fees
may not exceed ________% of the total loan amount.
3% (three percent)
Per a provision of the Dodd-Frank Act mortgage lenders are to determine that
a borrower has a reasonable ability to repay a loan. Does this provision apply
to all loans or just owner occupied loans?
All loans, whether owner occupied or not.
A loan subject to HOEPA allows prepayment penalties for the first ______
years of the loan.
2 (two) years
, Page 4 of 39
Per the Dodd-Frank Act an abusive act would include which of the following:
1. One that materially interferes with the consumers ability to understand the
product or service.
2. One that take unreasonable advantage of a consumers' lack of
understanding.
3. One that takes unreasonable advantage of the consumer's reasonable
reliance on the MLO.
All three would be considered abusive acts.
Per the Dodd-Frank Act if an MLO receives compensation directly from a
consumer, up to how much additional compensation may be received from a
lender in the same transaction?
$0.00, dual compensation is not allowed. Compensation must be borrower paid or
lender paid.
What kinds of reasons are necessary for a lender to take adverse action with
regard to a borrower?
Specific reasons.
Adverse action means ______________________.
A denial or revocation of credit. Also, a change in the terms of an existing credit
arrangement or a refusal to grant credit in substantially the amount or terms
requested.
Per Regulation B, Lenders should retain certain records for _____________
months.
25 Months
Because of the impact of the Dodd-Frank Act on a second mortgage, an APR
that exceeds the ________ by more than _____% is the trigger that defines a
high cost loan.
APOR ( Average Prime Offer Rate), 8.5%
Regulation C is known as ________________________.
HMDA, The Home Mortgage Disclosure Act.
What is the purpose of HMDA?
The HMDA determines whether financial institutions are serving the housing needs
of their communities. It also identifies patterns of discriminatory lending.
Under what circumstances can a lender with an Affiliated Business
Arrangement require a borrower to use a specific third party service provider?
