The 2022 Florida Statutes
Which of the following would disqualify an applicant from obtaining a mortgage loan originator license?An applicant may be precluded from obtaining a mortgage loan originator license where his or her personal history includes: Any liens or judgments for fraud, misrepresentation, dishonest dealing, and/or mishandling of trust funds, or.
Which of the following will prohibit you from obtaining an MLO license?The minimum requirements under SAFE Act state that no one can obtain a Mortgage Loan Originator (MLO) License if they have had any felonies in the last 7 years or if they have ever had a felony that was financial services related, such as fraud, theft, bribery, check forgery, etc.
Which of the following three actions would require a person to hold an MLO license?Yes. A Mortgage Loan Originator License Endorsement must be obtained BEFORE doing any of the following residential property mortgage loan activities: soliciting, originating a loan application, offering, or negotiating any residential mortgage loans.
Which of the following is responsible for determining whether to issue a license approval?Which of the following is responsible for determining whether to issue a license approval? The answer is The Commissioner. The Commissioner or state regulator for financial institutions determines licensing eligibility.
|