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MLO for state of TEXAS. Exam Questions
and Answers 100% Pass
What course providers are acceptable for continuing education? - ANS 'An Applicant's
employer.'
If there is a finance charge stated in an advertisement, which term is to be used? -
ANS 'Annual percentage rate.'
What information must be included in an advertisement of a Mortgage Loan? - ANS 'Terms
of Repayment.'
Advertisements that portray government-supported loans are prohibited when - ANS 'The
government is not involved.'
What information is not required for an advertisement for a Mortgage Loan? - ANS 'Phone
Number for Mortgage Broker.'
What is considered an advertisement subject to Rule Section 80.11? - ANS 'Classified
advertisements.'
Which one of the following statements are incorrect regarding change of personal name on a
license of Mortgage Broker or, as applicable, a Loan Officer sponsored by that Mortgage Broker:
- ANS 'A licensee shall notify the Commissioner in writing of the new personal name before
the thirtieth day following the effective date of any personal name change.'
MLO for state of TEXAS. Exam Questions
and Answers 100% Pass
What course providers are acceptable for continuing education? - ANS 'An Applicant's
employer.'
If there is a finance charge stated in an advertisement, which term is to be used? -
ANS 'Annual percentage rate.'
What information must be included in an advertisement of a Mortgage Loan? - ANS 'Terms
of Repayment.'
Advertisements that portray government-supported loans are prohibited when - ANS 'The
government is not involved.'
What information is not required for an advertisement for a Mortgage Loan? - ANS 'Phone
Number for Mortgage Broker.'
What is considered an advertisement subject to Rule Section 80.11? - ANS 'Classified
advertisements.'
Which one of the following statements are incorrect regarding change of personal name on a
license of Mortgage Broker or, as applicable, a Loan Officer sponsored by that Mortgage Broker:
- ANS 'A licensee shall notify the Commissioner in writing of the new personal name before
the thirtieth day following the effective date of any personal name change.'
