Study Guide For the Mortgage Loan
Originator (Florida Component)
2025/2026 Exam All Answers and
Illustrations Given
The registry form that must be used for branch office is the: - 🧠ANSWER
✔✔MU3
The registry that must be used for a non-licensed control person is the: -
🧠ANSWER ✔✔MU2
When would a person convicted of arson not be eligible for licensure? -
🧠ANSWER ✔✔For a least 15 years from the trigger date.
A mortgage lender without a servicing endorsement requires a net worth of:
- 🧠ANSWER ✔✔63,000.00
A mortgage lender without a servicing endorsement may only service a
loan for: - 🧠ANSWER ✔✔6 months
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
, A branch manager of a mortgage broker must have how many years of
experience? - 🧠ANSWER ✔✔A branch manager needs no experience
A non-institutional investors must be given: - 🧠ANSWER ✔✔- The original
recorded mortgage and note
-An appraisal report unless this requirement is waived in writing.
-A title insurance policy or opinion of title
Any individual that invests in mortgage loans with his/her own funds but is
not an institutional investor: - 🧠ANSWER ✔✔is exempt from licensure
under FS 494
A person as defined by FS 494 is: - 🧠ANSWER ✔✔a corporation,a
partnership, or an individual
A person who exercise control of a mortgage lender or mortgage broker is
called: - 🧠ANSWER ✔✔a principal loan originator
Which agency is responsible for the administration and enforcement of FS
494? - 🧠ANSWER ✔✔The Office of Financial Regulation
As used in Chapter 494 and the rules 69v-40 the term Commission means
the: - 🧠ANSWER ✔✔Financial Services Commission
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
Originator (Florida Component)
2025/2026 Exam All Answers and
Illustrations Given
The registry form that must be used for branch office is the: - 🧠ANSWER
✔✔MU3
The registry that must be used for a non-licensed control person is the: -
🧠ANSWER ✔✔MU2
When would a person convicted of arson not be eligible for licensure? -
🧠ANSWER ✔✔For a least 15 years from the trigger date.
A mortgage lender without a servicing endorsement requires a net worth of:
- 🧠ANSWER ✔✔63,000.00
A mortgage lender without a servicing endorsement may only service a
loan for: - 🧠ANSWER ✔✔6 months
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
1
, A branch manager of a mortgage broker must have how many years of
experience? - 🧠ANSWER ✔✔A branch manager needs no experience
A non-institutional investors must be given: - 🧠ANSWER ✔✔- The original
recorded mortgage and note
-An appraisal report unless this requirement is waived in writing.
-A title insurance policy or opinion of title
Any individual that invests in mortgage loans with his/her own funds but is
not an institutional investor: - 🧠ANSWER ✔✔is exempt from licensure
under FS 494
A person as defined by FS 494 is: - 🧠ANSWER ✔✔a corporation,a
partnership, or an individual
A person who exercise control of a mortgage lender or mortgage broker is
called: - 🧠ANSWER ✔✔a principal loan originator
Which agency is responsible for the administration and enforcement of FS
494? - 🧠ANSWER ✔✔The Office of Financial Regulation
As used in Chapter 494 and the rules 69v-40 the term Commission means
the: - 🧠ANSWER ✔✔Financial Services Commission
COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE. PRIVACY
STATEMENT. ALL RIGHTS RESERVED
2
