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MLO for state of TEXAS. Exam Questions and Answers 100% Pass

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MLO for state of TEXAS. Exam Questions and Answers 100% Pass What course providers are acceptable for continuing education? - ANS 'An Applicant's employer.' If there is a finance charge stated in an advertisement, which term is to be used? - ANS 'Annual percentage rate.' What information must be included in an advertisement of a Mortgage Loan? - ANS 'Terms of Repayment.' Advertisements that portray government-supported loans are prohibited when - ANS 'The government is not involved.' What information is not required for an advertisement for a Mortgage Loan? - ANS 'Phone Number for Mortgage Broker.' What is considered an advertisement subject to Rule Section 80.11? - ANS 'Classified advertisements.' Which one of the following statements are incorrect regarding change of personal name on a license of Mortgage Broker or, as applicable, a Loan Officer sponsored by that Mortgage Broker: - ANS 'A licensee shall notify the Commissioner in writing of the new personal name before the thirtieth day following the effective date of any personal name change.'

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Uploaded on: May 11, 2025
Number of pages: 4
Written in: 2024/2025
Type: Exam (elaborations)
Contains: Questions & answers

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mlo for state of texas exam questions and answers

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MLO for state of TEXAS. Exam Questions
and Answers 100% Pass

What course providers are acceptable for continuing education? - ANS 'An Applicant's
employer.'

If there is a finance charge stated in an advertisement, which term is to be used? -
ANS 'Annual percentage rate.'

What information must be included in an advertisement of a Mortgage Loan? - ANS 'Terms
of Repayment.'

Advertisements that portray government-supported loans are prohibited when - ANS 'The
government is not involved.'

What information is not required for an advertisement for a Mortgage Loan? - ANS 'Phone
Number for Mortgage Broker.'

What is considered an advertisement subject to Rule Section 80.11? - ANS 'Classified
advertisements.'

Which one of the following statements are incorrect regarding change of personal name on a
license of Mortgage Broker or, as applicable, a Loan Officer sponsored by that Mortgage Broker:
- ANS 'A licensee shall notify the Commissioner in writing of the new personal name before
the thirtieth day following the effective date of any personal name change.'

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MLO for state of TEXAS. Exam Questions and Answers 100% Pass

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