NMLS Exam
Housing & Economic Recovery Act 2008 - Title V - ANSEntitled the S.A.F.E Mortgage
Licensing Act
S.A.F.E. - ANSSecure and Fair Enforcement
NMLS - ANSNationwide Mortgage Licensing System & Registry
MLO - ANSMortgage Loan Originator
S.A.F.E. Mortgage Licensing Act of 2008 - ANSEnhance consumer protection, reduce fraud
by requiring ALL MLOs to be either state-licensed or federally registered. ALL states must
must implement a MLO licensing process that meets certain standards through the NMLS
What is pass score for NMLS-developed S.A.F.E. MLO Originator test? - ANS75% or better
UST - ANSUniform State Test ~ launched 4/1/2013 ~ 1st major change to SAFE MLO Test
requirements since tests were launched in July 2009
CSBS/AARMR Model State Law (MSL) - ANSConference of State Bank
Supervisors/American Association of Residential Mortgage Regulators
States which have NOT adopted UST - ANSWest Virginia & Minnesota
States which WILL adopt UST on 9/16/2017 - ANSSouth Carolina
My NMLS Name & ID Number - ANSAllison Kaye Rosenzweig (1636636)
My NMLS Registered Email Address -
SAFE MLO Test "Effective Date" for National w/ Uniform State Content - ANSNovember 1,
2014
SRR - ANSState Regulatory Registry, LLC ~ associated with SAFE MLO Test ~ Binding
contract between you & SRR
Who owns and operates NMLS? - ANSSRR (State Regulatory Registry, LLC)
LOFT - ANSLinear on the Fly Testing ~ Enacted 2/16/2015 for National Test with Uniform
State Test ~ Statistical Equating Standard Form ~ place all test takers on equal ground
HUD - ANSUS Department of Housing & Urban Development
Waiting Period ~ Initial Test Attempt FAIL - ANS30 Days
, Waiting Period ~ 2nd Test Attempt FAIL - ANS30 Days
Waiting Period ~ 3rd Test Attempt - ANS180 Days
RESPA (Regulation X) - ANSReal Estate Settlement Procedures Act
GFE - ANSGood Faith Estimate
LE - ANSLoan Estimate
ECOA (Regulation B) - ANSEqual Credit Opportunity Act
TILA (Regulation Z) - ANSTruth in Lending Act
HOEPA - ANSHome Ownership and Equity Protection Act
TRID - ANSTILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe")
HMDA (Regulation C) - ANSHome Mortgage Disclosure Act
FCRA - ANSFair Credit Reporting Act
FACTA - ANSFair and Accurate Credit Transactions Act
FTC - ANSFederal Trade Commission
FTC ~ enacted? - ANSRed Flag Rules
BSA/AML - ANSBank Secrecy Act / Anti-Money Laundering
SAR - ANSSuspicious Activity Report
GLB - ANSGramm-Leach-Bliley Act
E-SIGN Act - ANSElectronic Signature in Global and National Commerce Act
USA Patriot Act - ANSFILL IN
PMI - ANSPrivate Mortgage Insurance
Homeowners' Protection Act - ANSPMI Cancellation Act
Dodd-Frank Act - ANSFILL IN
CFPB - ANSConsumer Financial Protection Bureau
Federal National Mortgage Association (FNMA) - ANSCommonly known as Fannie Mae
Housing & Economic Recovery Act 2008 - Title V - ANSEntitled the S.A.F.E Mortgage
Licensing Act
S.A.F.E. - ANSSecure and Fair Enforcement
NMLS - ANSNationwide Mortgage Licensing System & Registry
MLO - ANSMortgage Loan Originator
S.A.F.E. Mortgage Licensing Act of 2008 - ANSEnhance consumer protection, reduce fraud
by requiring ALL MLOs to be either state-licensed or federally registered. ALL states must
must implement a MLO licensing process that meets certain standards through the NMLS
What is pass score for NMLS-developed S.A.F.E. MLO Originator test? - ANS75% or better
UST - ANSUniform State Test ~ launched 4/1/2013 ~ 1st major change to SAFE MLO Test
requirements since tests were launched in July 2009
CSBS/AARMR Model State Law (MSL) - ANSConference of State Bank
Supervisors/American Association of Residential Mortgage Regulators
States which have NOT adopted UST - ANSWest Virginia & Minnesota
States which WILL adopt UST on 9/16/2017 - ANSSouth Carolina
My NMLS Name & ID Number - ANSAllison Kaye Rosenzweig (1636636)
My NMLS Registered Email Address -
SAFE MLO Test "Effective Date" for National w/ Uniform State Content - ANSNovember 1,
2014
SRR - ANSState Regulatory Registry, LLC ~ associated with SAFE MLO Test ~ Binding
contract between you & SRR
Who owns and operates NMLS? - ANSSRR (State Regulatory Registry, LLC)
LOFT - ANSLinear on the Fly Testing ~ Enacted 2/16/2015 for National Test with Uniform
State Test ~ Statistical Equating Standard Form ~ place all test takers on equal ground
HUD - ANSUS Department of Housing & Urban Development
Waiting Period ~ Initial Test Attempt FAIL - ANS30 Days
, Waiting Period ~ 2nd Test Attempt FAIL - ANS30 Days
Waiting Period ~ 3rd Test Attempt - ANS180 Days
RESPA (Regulation X) - ANSReal Estate Settlement Procedures Act
GFE - ANSGood Faith Estimate
LE - ANSLoan Estimate
ECOA (Regulation B) - ANSEqual Credit Opportunity Act
TILA (Regulation Z) - ANSTruth in Lending Act
HOEPA - ANSHome Ownership and Equity Protection Act
TRID - ANSTILA-RESPA Integrated Disclosure Rule (a.k.a. "Know Before You Owe")
HMDA (Regulation C) - ANSHome Mortgage Disclosure Act
FCRA - ANSFair Credit Reporting Act
FACTA - ANSFair and Accurate Credit Transactions Act
FTC - ANSFederal Trade Commission
FTC ~ enacted? - ANSRed Flag Rules
BSA/AML - ANSBank Secrecy Act / Anti-Money Laundering
SAR - ANSSuspicious Activity Report
GLB - ANSGramm-Leach-Bliley Act
E-SIGN Act - ANSElectronic Signature in Global and National Commerce Act
USA Patriot Act - ANSFILL IN
PMI - ANSPrivate Mortgage Insurance
Homeowners' Protection Act - ANSPMI Cancellation Act
Dodd-Frank Act - ANSFILL IN
CFPB - ANSConsumer Financial Protection Bureau
Federal National Mortgage Association (FNMA) - ANSCommonly known as Fannie Mae
