Uniform State Test (UST) · 11% of the SAFE exammedium
Correct answer: The MLO may originate loans in State B under a temporary authority while a State B license application is pending, provided eligibility requirements are met
The SAFE Act's transitional licensing provisions allow eligible MLOs who are moving to a new state (interstate transition) to originate loans in the new state under temporary authority while their new state license application is pending. The MLO must meet eligibility criteria, such as not having had a license refused, revoked, or suspended, and must submit the application in a timely manner. "," is incorrect because this would cause unnecessary disruption to the MLO's career and to consumers with in-process loans — the transitional provision exists precisely to prevent this gap. "," is incorrect because State A's license does not 'automatically extend' to State B; the MLO must actively apply and the temporary authority is tied to that application. "s State A license automatically extends to State B f..." is incorrect because loan origination geography is determined by where the property and borrower are located, not where the investor is.
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