Federal Mortgage Law · 24% of the SAFE exammedium
Correct answer: 0.75% on all loans regardless of rate, product type, or loan amount
A compliant comp plan pays the SAME percentage on every loan regardless of terms — rate, product type, APR, or any other loan condition. "1.0% on loans under $300K, 0.75% on loans $300K-$500..." varies by loan amount (permitted as an exception, but the declining scale shown actually disincentivizes larger loans — risky structure). "0.75% on loans with APR below 5.5%, 0.95% on loans a..." varies by PRODUCT TYPE (FHA vs. conventional) — prohibited. "0.75% on all conventional loans, 0.85% on all FHA loans" varies by APR — prohibited. "0.75% on all loans regardless of rate, product type,..." is the safe harbor: uniform percentage, no variation by terms. Note: loan amount variation IS permitted, but must not serve as a proxy for other prohibited factors.
CRAM ARCADE has the full NMLS question bank, timed practice exams, focus drills on your weakest category, flashcards and spaced repetition. No credit card.
Start studying free