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4 Cards in this Set
- Front
- Back
What are the names of the 2 agencies that maintain NMLS&R?
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1. Conference of State Bank Supervisors (CSBS)
2. AARMR - American Association of Residential Mortgage Regulators |
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What are the 4 federal Banking Agencies?
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1. Board of Goveners of the Federal Reserve System
2. OCC - Office of the Comptroller of Currency 3. NCUA - National Credit Union Administration 4. FDIC - Federal Depository Insurance Corporation |
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What is a loan originator?
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1. Takes residential mortgage loan application
2. Offers or negotiates terms of a residential mortgage loan for compensation or gain |
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What things are required from license applicants?
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1. Fingerprints
2. Personal history - work and address 3. Credit Report 4. Any felony in the past 7 years 5. Any financial felony EVER |