DC 2026 UPDATED EXAM SOLUTIONS
WITH TRUSTED A+ ANSWERS,
COMPLETE QUESTIONS, AND
SUCCESS GUARANTEED
In the District of Columbia, a license to originate is necessary in which of the
following scenarios? - Answer
✔✔ An originator making a loan for a first cousin
___________ occurs when a loan agreement allows the borrower to make
payments less than the amount necessary to cover the interest that has accrued on
the loan, leaving the unpaid interest to be added to the loan balance. - Answer
✔✔ Negative amortization
When applying for a mortgage lender or broker license, a background check will
be conducted on: - Answer
✔✔ The control person
District of Columbia loan originators are required to obtain at least how many
hours of continuing education on ethics each year? - Answer
✔✔ TWO
Under the Mortgage Lender and Broker Act, a loan originator's unique identifier is
required to be included on all but which of the following? - Answer
✔✔ Broker's office signs
According to the District's Mortgage Lender and Broker Act, prior to licensing, a
loan originator must show proof of experience: - Answer
, ✔✔ There is no experience requirement for a loan originator
Loan originators are required to complete continuing education hours: -
ANSWER✔✔NOT At least 30 days prior to license expiration
NOT By the date of license expiration
Which of the following is true regarding surety bond requirements for mortgage
loan originators? -ANSWER✔✔NOT 75k
NOT Only mortgage lender and mortgage broker licensees must be covered by a
surety bond
Which of the following makes licensing decisions in the District of Columbia? -
ANSWER✔✔The Associate Commissioner of the Banking Bureau
Which of the following is not a significant event for a loan originator that requires
notification to the Commissioner? -ANSWER✔✔Receipt of a speeding ticket,
which the licensee immediately pays
A loan meets the thresholds for covered loans under the DC Home Loan Protection
Act if the points and fees payable by the borrower exceed: -ANSWER✔✔5% of
the loan amount
An individual who maintains information and a unique identifier through the
NMLS and carries out loan origination activities, but is not required to maintain a
loan originator license, is known as a(n): -ANSWER✔✔Registered mortgage loan
originator
How many hour(s) of continuing education specific to D.C. law are required
annually? -ANSWER✔✔NOT Three
WITH TRUSTED A+ ANSWERS,
COMPLETE QUESTIONS, AND
SUCCESS GUARANTEED
In the District of Columbia, a license to originate is necessary in which of the
following scenarios? - Answer
✔✔ An originator making a loan for a first cousin
___________ occurs when a loan agreement allows the borrower to make
payments less than the amount necessary to cover the interest that has accrued on
the loan, leaving the unpaid interest to be added to the loan balance. - Answer
✔✔ Negative amortization
When applying for a mortgage lender or broker license, a background check will
be conducted on: - Answer
✔✔ The control person
District of Columbia loan originators are required to obtain at least how many
hours of continuing education on ethics each year? - Answer
✔✔ TWO
Under the Mortgage Lender and Broker Act, a loan originator's unique identifier is
required to be included on all but which of the following? - Answer
✔✔ Broker's office signs
According to the District's Mortgage Lender and Broker Act, prior to licensing, a
loan originator must show proof of experience: - Answer
, ✔✔ There is no experience requirement for a loan originator
Loan originators are required to complete continuing education hours: -
ANSWER✔✔NOT At least 30 days prior to license expiration
NOT By the date of license expiration
Which of the following is true regarding surety bond requirements for mortgage
loan originators? -ANSWER✔✔NOT 75k
NOT Only mortgage lender and mortgage broker licensees must be covered by a
surety bond
Which of the following makes licensing decisions in the District of Columbia? -
ANSWER✔✔The Associate Commissioner of the Banking Bureau
Which of the following is not a significant event for a loan originator that requires
notification to the Commissioner? -ANSWER✔✔Receipt of a speeding ticket,
which the licensee immediately pays
A loan meets the thresholds for covered loans under the DC Home Loan Protection
Act if the points and fees payable by the borrower exceed: -ANSWER✔✔5% of
the loan amount
An individual who maintains information and a unique identifier through the
NMLS and carries out loan origination activities, but is not required to maintain a
loan originator license, is known as a(n): -ANSWER✔✔Registered mortgage loan
originator
How many hour(s) of continuing education specific to D.C. law are required
annually? -ANSWER✔✔NOT Three
