NMLS Exam Questions with Correct Answers (Definite Pass)

NMLS Exam Questions with Correct Answers (Definite Pass) All of the following types of information must be reported for government monitoring purposes in accordance with HMDA, except: Identification of loans subject to HOEPA Action taken on the loan and the location of the subject property Ethnicity, race, sex, and income of the applicant Ethnicity, race, sex, and religion of the applicant - Answer-ethnicity, race, sex, and religion of the applicant The administrative authority of the Commissioner includes all but which of the following? Promulgate rules or regulations implementing the S.A.F.E. Act Administer, interpret, and enforce the S.A.F.E. Act Carry out the intentions of the Legislature Sentencing violators of the S.A.F.E. Act to appropriate prison terms - Answer-sentencing violators of the S.A.F.E. Act to appropriate prison terms A state-licensed loan originator is: Licensed by the NMLS An employee of a non-depository institution Identified by the unique identifier of his/her employer An employee of a subsidiary which is owned or controlled by a depository institution - Answer-an employee of a non-depository institution