Uniform State Test (UST) · 11% of the SAFE exameasy
Correct answer: Enabling licensed MLOs moving between states or employers to continue working while a new license application is pending
The SAFE Act's transitional or temporary licensing provisions are designed to allow licensed MLOs who are changing states (interstate transition) or moving to a new employer (intrastate transition) to continue originating loans while their new license application is being processed, preventing a gap in their ability to work. "Enabling licensed MLOs moving between states or empl..." is incorrect because the temporary license provisions do not allow unlicensed individuals to originate loans. "Allowing unlicensed individuals to originate loans d..." is incorrect because real estate agents are not mortgage loan originators and cannot use temporary provisions to engage in mortgage origination. "Granting banks and credit unions an exemption from s..." is incorrect because depository institution employees are federally registered, not state-licensed, but this is a separate concept from the temporary licensing provision.
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