NMLS S.A.F.E Exam Practice Questions with verified Answers

NMLS S.A.F.E Exam Practice Questions with verified Answers Enhancing protection and reducing fraud by directing states to adopt minimum uniform standards for the licensing and registration of residential mortgage loan originators was the purpose of the federal act known as the: Loan processors and underwriters may not: The term " state licensed mortgage loan originator" applies to an individual that works for: Which of the following is not a part of the definition of a loan originator? Under the S.A.F.E. Act, states and their regulatory agencies have the duty and the authority to enact licensing standards that meet the requirements of the Act, while overall responsibility for interpretation, implementation, and compliance currently lies with: Which of the following is responsible for determining whether to issue a license approval? An individual who is an employee of a depository institution or a subsidiary of a depository institution meets the definition of a loan originator, defined as a(n):