1. Which of the following is NOT a loan origination activity? - ANS - C. Assisting in a loan

modification

2. A unilateral contract is binding on: - ANS - A. One party

3. Loan originator organizations must keep compensation records for how many years? - ANS -

C. Three

4. Mortgage companies must submit a residential loan origination activity report to the NMLSR

every: - ANS - B. Three months

5. How many years must loan originator applicants wait after a felony fraud conviction, in order

to...
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