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17 Cards in this Set
- Front
- Back
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Who are the regulatory authorities in CA?
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Who is the head of the Department of Corporations and the Department of Real Estate?
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A registered mortgage loan originator is employed by whom?
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How is a mortgage broker defined?
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A mortgage servicer must obtain a license if they receive how many payments?
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Who are a few examples of entities that are exempt from licensing?
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How many hours of continuing education are required for a MLO?
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What is the surety bond requirement for a mortgage lender or servicer?
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When must licensees file a new surety bond after a claim is paid out?
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What is the fee for late license renewal?
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What happens to a license if it is not renewed by Dec. 31st?
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A felony would count against an applicant for licensure for how long?
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What must a licensee file by March 1st?
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Mortgage transaction records must be retained by whom?
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Which code is the Housing and Financial Discrimination Act under?
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What is the fine for failing to notify the Commissioner of a change in location?
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Why would a borrower’s marital status be considered when qualifying for a loan?
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When must a mortgage broker provide a borrower with the loan brokerage agreement?
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What must a licensee include their license number on?
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How is a mortgage loan originator defined?
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How many hours of pre-licensing education are required for an MLO?
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How many days does a licensee have to request a hearing upon notice of disciplinary action taken?
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The Commissioner may suspend a license for up to?
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Willfully violating the Residential Mortgage Lending Act can result in?
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Interest earned from a trust account must be paid to?
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Where must a licensee place all advance fees collected from a borrower?
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Who must be licensed?
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What can happen if a licensee does not request a hearing within the time frame allotted?
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Which fees can a mortgage broker collect prior to closing?
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How often can the Commissioner investigate a licensee?
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A residential mortgage loan contains a maximum of how many units?
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What are a few responsibilities of the Department of Corporations and the Department of Real Estate?
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What is the renewal fee for a MLO?
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A mortgage broker must not accept a check in their name for which type of service?
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