NMLS S.A.F.E Exam Practice Questions and Answers Updated 2026

NMLS S.A.F.E Exam
Practice Questions and
Answers Updated 2026
EnhancingBprotectionBandBreducingBfraudBbyBdirectingBstatesBtoBadoptBminimumBunifo
rmBstandardsBforBtheBlicensingBandBregistrationBofBresidentialBmortgageBloanBoriginator
sBwasBtheBpurposeBofBtheBfederalBactBknownBasBthe:



a.BS.A.F.E.BAct

b.BFederalBTradeBAct

c.BConsumerBFinancialBProtectionBAct

d.BDodd-FrankBActB-BAnswera.BS.A.F.E.BAct



LoanBprocessorsBandBunderwritersBmayBnot:



a.BCommunicateBwithBconsumersBtoBobtainBinformationBnecessaryBforBloanBprocessing

b.BCollectBinformationBrequiredBtoBdocumentBaBloanBapplication

c.BDistributeBdisclosuresBrequiredBinBaccordanceBwithBfederalBlaw

d.BTakeBaBloanBapplicationBinBtheBabsenceBofBaBloanBoriginatorB-
BAnswerd.BTakeBaBloanBapplicationBinBtheBabsenceBofBaBloanBoriginator



TheBtermB"BstateBlicensedBmortgageBloanBoriginator"BappliesBtoBanBindividualBthatBwo
rksBfor:

a.BBankBorBcreditBunion

b.BMortgageBbrokerBonly

c.BMortgageBbrokerBorBlender

d.BMortgageBlenderBonlyB-BAnswerc.BMortgageBbrokerBorBlender

,WhichBofBtheBfollowingBisBnotBaBpartBofBtheBdefinitionBofBaBloanBoriginator?



a.BForBcompensationBorBgain,BtakesBresidentialBmortgageBapplications

b.BForBtheBexpectationBofBcompensationBorBgain,BoffersBorBnegotiatesBtermsBofBaBresi
dentialBmortgageBloan

c.BPersonBorBentityBthatBonlyBperformsBclericalBdutiesBinBtheBprocessingBofBtheBdocum
ents

d.BForBcompensationBorBgain,BnegotiatesBresidentialBmortgageBloansB-
BAnswerc.BPersonBorBentityBthatBonlyBperformsBclericalBdutiesBinBtheBprocessingBofBth
eBdocuments



UnderBtheBS.A.F.E.BAct,BstatesBandBtheirBregulatoryBagenciesBhaveBtheBdutyBandBtheBa
uthorityBtoBenactBlicensingBstandardsBthatBmeetBtheBrequirementsBofBtheBAct,BwhileBo
verallBresponsibilityBforBinterpretation,Bimplementation,BandBcomplianceBcurrentlyBliesB
with:



a.BTheBNMLS

b.BTheBFederalBReserve

c.BHUD

d.BTheBCFPBB-BAnswerd.BTheBCFPB



WhichBofBtheBfollowingBisBresponsibleBforBdeterminingBwhetherBtoBissueBaBlicenseBapp
roval?



a.BTheBNMLS

b.BTheBGovernor

c.BTheBCFPB

d.BTheBStateBRegulatoryBAuthorityB-BAnswerd.BTheBStateBRegulatoryBAuthority



AnBindividualBwhoBisBanBemployeeBofBaBdepositoryBinstitutionBorBaBsubsidiaryBofBaBde
positoryBinstitutionBmeetsBtheBdefinitionBofBaBloanBoriginator,BdefinedBasBa(n):

,a.BLicensedBmortgageBloanBoriginator

b.BExemptBmortgageBloanBoriginator

c.BRegisteredBmortgageBloanBoriginator

d.BQualifiedBmortgageBloanBoriginatorB-BAnswerc.BRegisteredBmortgageBloanBoriginator



WhichBofBtheBfollowingBisBusedBasBaBmethodBofBidentifyingBandBholdingBlicenseesBacc
ountable,BaccordingBtoBtheBS.A.F.E.BAct?



a.BNMLSBID

b.BRecordsBofBannualBloanBoriginatorBvolume

c.BUniqueBidentifier

d.BCSBSBnumberB-BAnswerc.BUniqueBidentifier



TanekaBisBlicensedBandBhasBreceivedBherBuniqueBidentifierBfromBtheBNMLS.BTanekaBm
ustBclearlyBshowBherBuniqueBidentifierBonBallBofBtheBfollowing,Bexcept:



a.BResidentialBmortgageBloanBapplications

b.BSolicitationsBandBadvertisements

c.BWebsites

d.BInterofficeBcommunicationsB-BAnswerd.BInterofficeBcommunications



EachBofBtheBfollowingBisBtrueBaboutBtheBDepartmentBofBHousingBandBUrbanBDevelop
mentB(HUD),Bexcept:



a.BTheBFederalBHousingBAdministration,BwithBitsBliberal-
eligibilityBFHABloanBprograms,BoperatesBunderBHUD'sBauthority

b.BItBprovidesBorBmakesBreferralsBrelatedBtoBhousingBcounselingBforBloanBapplicantsBse
ekingBaBHECMBorBhigh-costBhomeBloan

, c.BPublicBhousingBandBmulti-familyBhousingBfallBunderBitsBpurview

d.BItBhasBaBmajorBroleBinBoverseeingBtheBmortgageBindustryB-
BAnswerd.BItBhasBaBmajorBroleBinBoverseeingBtheBmortgageBindustry



WhichBofBtheBfollowingBisBnotBaBpartBofBtheBdefinitionBofBaBloanBoriginator?



a.BForBcompensationBorBgain,BtakesBresidentialBmortgageBapplications

b.BForBtheBexpectationBofBcompensationBorBgain,BoffersBorBnegotiatesBtermsBofBaBresi
dentialBmortgageBloan

c.BPersonBorBentityBthatBonlyBperformsBrealBestateBbrokerageBactivities

d.BForBcompensationBorBgain,BnegotiatesBresidentialBmortgageBloansB-
BAnswerc.BPersonBorBentityBthatBonlyBperformsBrealBestateBbrokerageBactivities



WhichBofBtheBfollowingBwouldBmostBlikelyBnotBbeBconsideredBaBfederally-
regulatedBmortgageBloanBasBdefinedBbyBRESPA?



a.BConstructionBLoans

b.BSubprimeBloan

c.BFHABloan

d.BConventionalBloanB-BAnswera.BConstructionBLoans



MortgageBloanBoriginatorBTrevorBTibbsBhasBacceptedBaBloanBapplicationBforBaBdwelling
BthatBisBaBmobileBhomeBnotBpermanentlyBaffixedBtoBtheBland.BDoesBthisBmobileBhome
BmeetBtheBrequirementsBnecessaryBforBitBtoBbeBconsideredBsecurityBforBaBresidentialB
mortgageBloan?



a.BYes,BaBdwellingBincludesBaBstructureBwhetherBorBnotBthatBstructureBisBattachedBtoB
realBproperty

b.BNo,BdwellingsBmustBbeBpermanentlyBattachedBtoBrealBproperty

c.BNo,BmobileBhomesBareBclassifiedBasBpersonalBproperty,BnotBrealBproperty