EFDA OREGON ACTUAL EXAM PAPER
2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ An advertisement may not state that all or most borrowers will qualify for a
mortgage loan, unless:.
Answer: NOT The licensee states standards needed to qualify
◍ Under the Oregon Consumer Identity Theft Protection Act, which of the
following is the term for any obligation or alleged obligation arising out of a
consumer transaction?.
Answer: debt
◍ The provisions of Oregon law dealing with repayment restrictions define a
loan agreement as:.
Answer: the written document issued in connection with a loan that sets
forth the terms of the loan
◍ What is the purpose of the Oregon Pesticide Safety Education Manual?.
Answer: To serve as a resource for individuals involved in pesticide use,
including those preparing for certification exams.
◍ When opening a client's trust account, mortgage bankers and brokers must
identify the name of the bank, the account number of the trust fund, and the
name of each trust fund account in a notice filed with:.
Answer: The DCBS Director
◍ Failure, at any time, to have an Experienced Person in place, or to resolve a
deficiency within 30 days, can result in:.
Answer: License suspension or revocation
◍ Mortgage broker licensees are required to do all of the following, except:.
, Answer: NOT Conduct visits to branch offices at least once per yearNOT
Display the license prominently in each place of business
◍ During the process of renovating its offices, a mortgage broker hired a
cleaning company to empty two rooms where its loan originators work. The
cleaning company inadvertently threw out file boxes containing loan
application files. Oregon's Identity Theft Protection Act requires which of
the following actions?.
Answer: The mortgage broker, upon learning of the error, must alert all
individuals who had loan applications in the files
◍ Oregon's Identity Theft Protection Act allows an individual who may be
affected by a security breach to:.
Answer: Request that a security freeze be placed on his or her personal
information
◍ Who is the editor and co-author of the Oregon Pesticide Safety Education
Manual?.
Answer: Myron Shenk
◍ If a loan agreement does not include the appropriate notice to the borrower
stating that the lender can refuse to accept early repayment of a loan, the
lender is:.
Answer: Not allowed to refuse to accept early repayment
◍ What federal agency is primarily responsible for registering pesticides in the
U. S.?.
Answer: The U.S. Environmental Protection Agency (EPA)
◍ What does FIFRA stand for?.
Answer: Federal Insecticide, Fungicide, and Rodenticide Act
◍ Under the Oregon
S. A.
F. E. Act, the DCBS can deny a license to any of the following applicants
for a mortgage loan originator license, except:.
Answer: An applicant who has overdue medical bills
,◍ What is required by FIFRA for all pesticides?.
Answer: Pesticides must be registered by the EPA and assigned a product
registration number.
◍ An advertisement may not state that all or most borrowers will qualify for a
mortgage loan, unless.
Answer: The licensee demonstrates that borrowers with poor or no credit
have routinely and successfully qualified
◍ Failure to meet the deadline for filing a Residential Mortgage Lending
Report may result in:.
Answer: a fine $100 per day
◍ What is the main goal of federal and state pesticide laws?.
Answer: To protect public health and the environment from the harmful
effects of pesticides.
◍ What is the difference between general-use and restricted-use pesticides?.
Answer: General-use pesticides can be used by the public, while
restricted-use pesticides require special certification to apply.
◍ Which of the following is true regarding an equity seller's notice of
cancellation?.
Answer: As long as it indicates the seller's intent to cancel, any form may be
used
◍ What are the major components of the certification and licensing process for
Oregon pesticide applicators?.
Answer: Knowledge of pest identification, pesticide application, and
awareness of environmental impacts.
◍ What is the role of the Oregon Department of Agriculture in pesticide
regulation?.
Answer: To oversee pesticide use and ensure compliance with state laws.
◍ All of the following terms and practices are required in order for an equity
conveyance to be valid, except:.
, Answer: The agreement must include a notice regarding the risks of the
transaction and the right to cancel at any time
◍ What is the significance of the pesticide label?.
Answer: The pesticide label is the law; it must be read and followed for safe
application.
◍ Mortgage bankers and brokers cannot hire which of the following loan
originators without violating the Mortgage Lender Law?.
Answer: A mortgage loan originator with a conviction involving fraud ten
years ago
◍ What chapter discusses the symptoms of pesticide poisoning?.
Answer: Chapter 6
◍ In order to ensure clear communication with residents of the state who do
not speak English, the DCBS has done which of the following?.
Answer: NOT Created an Office of Disclosure Translation within the DFR
to match residents with translators who understand their language
◍ A late charge:.
Answer: NOT May not exceed 1% of the sum of principal and interest of the
delinquent paymentNOT May not be imposed unless a payment is
delinquent for at least 20 days
◍ Goals of the NMLS include all but which of the following?.
Answer: NOT Create a central repository that lists all mortgage
professionalsNOT Enhance the accountability of mortgage professional
◍ Which of the following is a part of the Department of Consumer and
Business Services and carries out its financial services responsibilities.
Answer: NOT Department of Finance and Consumer Protection
◍ What chapter covers the topic of Integrated Pest Management?.
Answer: Chapter 8
◍ What is included in Chapter 10 of the manual?.
Answer: Types of Pesticides
2026 QUESTIONS WITH ANSWERS
GRADED A+
◍ An advertisement may not state that all or most borrowers will qualify for a
mortgage loan, unless:.
Answer: NOT The licensee states standards needed to qualify
◍ Under the Oregon Consumer Identity Theft Protection Act, which of the
following is the term for any obligation or alleged obligation arising out of a
consumer transaction?.
Answer: debt
◍ The provisions of Oregon law dealing with repayment restrictions define a
loan agreement as:.
Answer: the written document issued in connection with a loan that sets
forth the terms of the loan
◍ What is the purpose of the Oregon Pesticide Safety Education Manual?.
Answer: To serve as a resource for individuals involved in pesticide use,
including those preparing for certification exams.
◍ When opening a client's trust account, mortgage bankers and brokers must
identify the name of the bank, the account number of the trust fund, and the
name of each trust fund account in a notice filed with:.
Answer: The DCBS Director
◍ Failure, at any time, to have an Experienced Person in place, or to resolve a
deficiency within 30 days, can result in:.
Answer: License suspension or revocation
◍ Mortgage broker licensees are required to do all of the following, except:.
, Answer: NOT Conduct visits to branch offices at least once per yearNOT
Display the license prominently in each place of business
◍ During the process of renovating its offices, a mortgage broker hired a
cleaning company to empty two rooms where its loan originators work. The
cleaning company inadvertently threw out file boxes containing loan
application files. Oregon's Identity Theft Protection Act requires which of
the following actions?.
Answer: The mortgage broker, upon learning of the error, must alert all
individuals who had loan applications in the files
◍ Oregon's Identity Theft Protection Act allows an individual who may be
affected by a security breach to:.
Answer: Request that a security freeze be placed on his or her personal
information
◍ Who is the editor and co-author of the Oregon Pesticide Safety Education
Manual?.
Answer: Myron Shenk
◍ If a loan agreement does not include the appropriate notice to the borrower
stating that the lender can refuse to accept early repayment of a loan, the
lender is:.
Answer: Not allowed to refuse to accept early repayment
◍ What federal agency is primarily responsible for registering pesticides in the
U. S.?.
Answer: The U.S. Environmental Protection Agency (EPA)
◍ What does FIFRA stand for?.
Answer: Federal Insecticide, Fungicide, and Rodenticide Act
◍ Under the Oregon
S. A.
F. E. Act, the DCBS can deny a license to any of the following applicants
for a mortgage loan originator license, except:.
Answer: An applicant who has overdue medical bills
,◍ What is required by FIFRA for all pesticides?.
Answer: Pesticides must be registered by the EPA and assigned a product
registration number.
◍ An advertisement may not state that all or most borrowers will qualify for a
mortgage loan, unless.
Answer: The licensee demonstrates that borrowers with poor or no credit
have routinely and successfully qualified
◍ Failure to meet the deadline for filing a Residential Mortgage Lending
Report may result in:.
Answer: a fine $100 per day
◍ What is the main goal of federal and state pesticide laws?.
Answer: To protect public health and the environment from the harmful
effects of pesticides.
◍ What is the difference between general-use and restricted-use pesticides?.
Answer: General-use pesticides can be used by the public, while
restricted-use pesticides require special certification to apply.
◍ Which of the following is true regarding an equity seller's notice of
cancellation?.
Answer: As long as it indicates the seller's intent to cancel, any form may be
used
◍ What are the major components of the certification and licensing process for
Oregon pesticide applicators?.
Answer: Knowledge of pest identification, pesticide application, and
awareness of environmental impacts.
◍ What is the role of the Oregon Department of Agriculture in pesticide
regulation?.
Answer: To oversee pesticide use and ensure compliance with state laws.
◍ All of the following terms and practices are required in order for an equity
conveyance to be valid, except:.
, Answer: The agreement must include a notice regarding the risks of the
transaction and the right to cancel at any time
◍ What is the significance of the pesticide label?.
Answer: The pesticide label is the law; it must be read and followed for safe
application.
◍ Mortgage bankers and brokers cannot hire which of the following loan
originators without violating the Mortgage Lender Law?.
Answer: A mortgage loan originator with a conviction involving fraud ten
years ago
◍ What chapter discusses the symptoms of pesticide poisoning?.
Answer: Chapter 6
◍ In order to ensure clear communication with residents of the state who do
not speak English, the DCBS has done which of the following?.
Answer: NOT Created an Office of Disclosure Translation within the DFR
to match residents with translators who understand their language
◍ A late charge:.
Answer: NOT May not exceed 1% of the sum of principal and interest of the
delinquent paymentNOT May not be imposed unless a payment is
delinquent for at least 20 days
◍ Goals of the NMLS include all but which of the following?.
Answer: NOT Create a central repository that lists all mortgage
professionalsNOT Enhance the accountability of mortgage professional
◍ Which of the following is a part of the Department of Consumer and
Business Services and carries out its financial services responsibilities.
Answer: NOT Department of Finance and Consumer Protection
◍ What chapter covers the topic of Integrated Pest Management?.
Answer: Chapter 8
◍ What is included in Chapter 10 of the manual?.
Answer: Types of Pesticides
