Uniform State Test (UST) · 11% of the SAFE exameasy
Correct answer: Making a false statement on a mortgage loan application with the intent to deceive
Making false statements on mortgage loan applications with the intent to deceive is prohibited conduct under state mortgage law and is also a federal crime under 18 U.S.C. § 1014. This is among the most serious violations an MLO can commit. "Recommending a borrower work with a particular real..." is incorrect because recommending a real estate agent, while subject to RESPA if compensation is exchanged, is not itself prohibited conduct simply because of a prior business relationship. "Making a false statement on a mortgage loan applicat..." is incorrect because fee differences alone, within legal limits, are not prohibited. "s employer does not offer" is incorrect because declining to offer certain products is a business decision, not prohibited conduct.
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