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The S.A.F.E. Mortgage Licensing Act & Regulation G

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What does the acronym S.A.F.E. stand for?

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1. MLO is an acronym for _____.

2. The S.A.F.E. Act was created to _____.

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About This Quiz & Worksheet

The quiz and worksheet will test your understanding of the S.A.F.E. mortgage licensing act. You should know what S.A.F.E. stands for and what MLO stands for in order to do well on the quiz.

Quiz & Worksheet Goals

In these assessments you'll be tested on:

  • What MLO stands for
  • Requirements for mortgage loan originators
  • Meaning of S.A.F.E.
  • Where mortgage loan originator applications are processed
  • Why the S.A.F.E. Act was established

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on the S.A.F.E. mortgage licensing act
  • Information recall - access the knowledge you've gained regarding the requirements for mortgage loan originators
  • Critical thinking - apply relevant concepts to examine information about why the S.A.F.E. Act was established

Additional Learning

To learn more about mortgages, review the related lesson titled The S.A.F.E. Mortgage Licensing Act & Regulation G. This lesson is designed to help you:

  • Learn about what Regulation G is and how it relates to mortgages
  • Review the importance of maintaining a license once one is obtained
  • Identify the exceptions to the S.A.F.E Act
  • Recall the difference between a non-depository and depository institution
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