NMLS Practice Exam Questions and Answers 100% Correct

NMLS Practice Exam Questions and Answers 100% Correct NMLS Practice Exam Questions and Answers 100% Correct NMLS Practice Exam Questions and Answers 100% Correct A person wanting a loan originator license in four states - ANSWER-must pass the state component of the license test in each state. The correct answer is B. A person can be licensed in all of the states, provided he is employed by the same employer in all the state. His NMLS-approved education need only be taken once. The test results for the national test component are valid in each state; however, he must take and pass the state component for each state. RESPA is administered by - ANSWER-The Consumer Financial Protection Bureau. The correct answer is A. As of 2010, RESPA, formerly administered by HUD, is now administered by the Consumer Financial Protection Bureau. Which of the following types of bankruptcy involves liquidation of assets to cancel the debts? - ANSWER-Chapter 7 involves liquidation of assets to cancel the debts, so a person can start fresh.