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My RMLO Prep > Uniform State Content > Flashcards

Uniform State Content Flashcards

1
Q

What act created SAFE?

A

Housing and Economic Recovery Act 2008

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2
Q

What does SAFE stand for?

A

Secure And Fair Enforcement for Mortgage Licensing Act

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3
Q

What is required to work for a bank as a loan originator?

A

Being federally registered

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4
Q

What entities established the NMLS?

A

CSBS and AARMR

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5
Q

Education requirements

A

3hrs LAW
3hrs ETHICS
2hrs Lending standards
12hrs NMLS defined

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My RMLO Prep (5 decks)

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