CRMP NRMLA Certified Reverse
Mortgage Professional Exam
Question 1. Which core ethical value emphasizes honesty and
truthfulness in professional conduct?
A) Fairness
B) Confidentiality
C) Integrity
D) Competence
Answer: C
Explanation: Integrity involves honesty and truthfulness, which are
fundamental to ethical professional conduct.
Question 2. What is a primary purpose of the NRMLA Code of Ethics?
A) To regulate interest rates
B) To promote fair, honest, and professional behavior
,CRMP NRMLA Certified Reverse
Mortgage Professional Exam
C) To set licensing requirements
D) To determine loan limits
Answer: B
Explanation: The NRMLA Code of Ethics aims to promote fair, honest,
and professional behavior among reverse mortgage professionals.
Question 3. Which action constitutes professional misconduct under the
NRMLA Code of Ethics?
A) Providing clear disclosures
B) Misrepresenting loan terms
C) Advising clients on suitable products
D) Maintaining client confidentiality
Answer: B
,CRMP NRMLA Certified Reverse
Mortgage Professional Exam
Explanation: Misrepresenting loan terms violates ethical standards and
constitutes misconduct.
Question 4. When marketing reverse mortgages, compliance with HUD,
CFPB, and FTC regulations requires that all advertising be:
A) Deceptive if attractive
B) Clear, truthful, and non-deceptive
C) Limited to print media only
D) Vague to attract more clients
Answer: B
Explanation: All marketing materials must be clear, truthful, and non-
deceptive to comply with regulations.
, CRMP NRMLA Certified Reverse
Mortgage Professional Exam
Question 5. Recognizing elder financial abuse involves identifying:
A) Proper documentation
B) Red flags such as sudden changes in behavior or financial control
C) High credit scores
D) Mature age only
Answer: B
Explanation: Red flags include sudden changes in behavior, financial
control issues, or signs of undue influence.
Question 6. Mandatory reporting of suspected elder abuse is required
by:
A) The borrower
B) The reverse mortgage lender
Mortgage Professional Exam
Question 1. Which core ethical value emphasizes honesty and
truthfulness in professional conduct?
A) Fairness
B) Confidentiality
C) Integrity
D) Competence
Answer: C
Explanation: Integrity involves honesty and truthfulness, which are
fundamental to ethical professional conduct.
Question 2. What is a primary purpose of the NRMLA Code of Ethics?
A) To regulate interest rates
B) To promote fair, honest, and professional behavior
,CRMP NRMLA Certified Reverse
Mortgage Professional Exam
C) To set licensing requirements
D) To determine loan limits
Answer: B
Explanation: The NRMLA Code of Ethics aims to promote fair, honest,
and professional behavior among reverse mortgage professionals.
Question 3. Which action constitutes professional misconduct under the
NRMLA Code of Ethics?
A) Providing clear disclosures
B) Misrepresenting loan terms
C) Advising clients on suitable products
D) Maintaining client confidentiality
Answer: B
,CRMP NRMLA Certified Reverse
Mortgage Professional Exam
Explanation: Misrepresenting loan terms violates ethical standards and
constitutes misconduct.
Question 4. When marketing reverse mortgages, compliance with HUD,
CFPB, and FTC regulations requires that all advertising be:
A) Deceptive if attractive
B) Clear, truthful, and non-deceptive
C) Limited to print media only
D) Vague to attract more clients
Answer: B
Explanation: All marketing materials must be clear, truthful, and non-
deceptive to comply with regulations.
, CRMP NRMLA Certified Reverse
Mortgage Professional Exam
Question 5. Recognizing elder financial abuse involves identifying:
A) Proper documentation
B) Red flags such as sudden changes in behavior or financial control
C) High credit scores
D) Mature age only
Answer: B
Explanation: Red flags include sudden changes in behavior, financial
control issues, or signs of undue influence.
Question 6. Mandatory reporting of suspected elder abuse is required
by:
A) The borrower
B) The reverse mortgage lender
