MLO 試験問題を無料オンラインアクセス

A borrower works at Company XYZ and was recently approved for a cash-out refinance of her primary residence. The closing is scheduled for Friday. On Monday of closing week, the mortgage loan originator (MLO) sees on the local news that XYZ is closing and the employees have been let go. Which of the following actions, if any, should the MLO take?

• A.Nothing, as the loan has already been approved
• B.Notify the underwriter regarding possible change of borrower's employment status
• C.Recommend that the borrower attend homeownership counseling
• D.Tell the borrower not to say anything at closing

Which of the following is an acceptable reason for denying a forward mortgage under the Equal Credit Opportunity Act (ECOA)?

• A.Marital status
• B.Retirement age
• C.Immigration status
• D.Receipt of child support

Which of the following settlement service charges is considered a finance charge for the purpose of calculating a loan's APR?

• A.Credit report fee
• B.Transfer tax charge
• C.Public record recording fee
• D.Origination charge

Which of the following events will cause a mortgage loan originator's (MLO's) temporary authority to cease in a given state?

• A.The MLO was terminated by his previous employer.
• B.Another state denies the MLO's license application.
• C.The state does not grant temporary authority to transitioning MLOs.
• D.A week has elapsed between when the MLO's federal registration expired and sponsorship by a new employer.

An easement:

• A.allows a loan applicant to close on a loan even if all the stipulations have not been met.
• B.is a mortgage modification.
• C.allows a borrower to make less than the required payments without going through a full mortgage modification.
• D.is a right to cross or otherwise use someone else's land for a specified purpose.