Business > EXAM > MLO Practice Exam Questions & Answers | with 100% Correct Answers | Verified (All)

MLO Practice Exam Questions & Answers | with 100% Correct Answers | Verified

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All of the following information is provided under Section X of the 1003, except: a.) Ethnicity b.) Name and address of employer c.) Sex d.) Race - ANS - b.) Name and address of employer Section ... X of the URLA contains information on: a.) Assets and Liabilities b.) Information for Government Monitoring Purpose c.) Declarations d.) Details of transaction - ANS - b.) Information for Government Monitoring Purpose When determining the best options for a potential borrower, an MLO must always find what? a.) Nonconventional b.) Federal Housing Administration c.) Nonconforming d.) Department of The Veterans Administration - ANS - c.) Nonconforming Choose the best answer. All of the following are Government loan programs or types, except: a.) Nonconventional b.) Federal Housing Administration c.) Nonconforming [Show More]

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