SAFE Act Flashcards
1
Q
Loan originator organizations must keep a record of payments from a creditor and payments to individual originators for ______. The files must also contain a copy of the compensation agreements that govern the payments.
A
Three years
2
Q
How many times can an applicant take the SAFE exam consecutively?
A
3
3
Q
LO’s must retake the NMLS exam after their license has been expired for how long?
A
5 years
