CR29 S.A.F.E ACT - MORTGAGE
LICENSING QUESTIONS AND
COMPLETE SOLUTIONS GRADED
A+
Your Exam Plug
, C
1EA60E586C1440D3BD42213F846AF660
Not answered. The correct answer is c. A is incorrect because blood type and mother's maiden name are
not required to register on the NMLSR. B is incorrect because sexual preference is not required to
register on the NMLSR. D is incorrect because blood type and siblings' names are not required to
register on the NMLSR. - Answer: 1. Marco is a mortgage loan originator (MLO) for Harper Bank. His HR
director has instructed him that he needs to be registered on the Nationwide Mortgage Licensing
System and Registry (NMLSR). Which pieces of information will Marco be required to submit in order to
register?
A. Name, address, blood type, mother's maiden name
B. Home address, contact information, sexual preference
C. Name, home and business addresses, date and place of birth
D. Social security number, gender, blood type, siblings' names
A
6D4742BDB9A54ED29163ADE4F3079469
Not answered. The correct answer is a. B, C, and D are incorrect because MLOs working for these
companies must be state licensed and registered. - Answer: 2. Craig is a new mortgage loan originator
(MLO). He was told that he must register as an MLO. Craig can determine if he must be federally-
registered based on whether he is working as an MLO for which employer?
A. Suffolk County Bank
B. Home Soon Mortgage Brokers, a Texas company
C. Quicken Loans
D. He is self-employed
C
F6423BB9F372442F874A11B52B8D68C5
Not answered. The correct answer is c. A is incorrect because MLOs working for regulated financial
institutions do not need to be state licensed. B is incorrect because the S.A.F.E. does not eliminate any
mortgage products. D is incorrect because the primary purpose of the S.A.F.E. Act is not to provide
LICENSING QUESTIONS AND
COMPLETE SOLUTIONS GRADED
A+
Your Exam Plug
, C
1EA60E586C1440D3BD42213F846AF660
Not answered. The correct answer is c. A is incorrect because blood type and mother's maiden name are
not required to register on the NMLSR. B is incorrect because sexual preference is not required to
register on the NMLSR. D is incorrect because blood type and siblings' names are not required to
register on the NMLSR. - Answer: 1. Marco is a mortgage loan originator (MLO) for Harper Bank. His HR
director has instructed him that he needs to be registered on the Nationwide Mortgage Licensing
System and Registry (NMLSR). Which pieces of information will Marco be required to submit in order to
register?
A. Name, address, blood type, mother's maiden name
B. Home address, contact information, sexual preference
C. Name, home and business addresses, date and place of birth
D. Social security number, gender, blood type, siblings' names
A
6D4742BDB9A54ED29163ADE4F3079469
Not answered. The correct answer is a. B, C, and D are incorrect because MLOs working for these
companies must be state licensed and registered. - Answer: 2. Craig is a new mortgage loan originator
(MLO). He was told that he must register as an MLO. Craig can determine if he must be federally-
registered based on whether he is working as an MLO for which employer?
A. Suffolk County Bank
B. Home Soon Mortgage Brokers, a Texas company
C. Quicken Loans
D. He is self-employed
C
F6423BB9F372442F874A11B52B8D68C5
Not answered. The correct answer is c. A is incorrect because MLOs working for regulated financial
institutions do not need to be state licensed. B is incorrect because the S.A.F.E. does not eliminate any
mortgage products. D is incorrect because the primary purpose of the S.A.F.E. Act is not to provide
