NMLS Federal Mortgage Laws Practice Questions
Content area 1 of 5 on the SAFE MLO Test · 24% of the test, about 27 of the 115 scored questions
120 questions across all five content areas in 190 minutes, with a score for Federal Laws so you know where you stand.
Free Federal Laws drillA servicer's escrow computation year for a borrower's loan ends on June 30, and the borrower is current on payments. When must the servicer send the annual escrow account statement?
Federal Mortgage-Related Laws on the NMLS test
Federal Mortgage-Related Laws is 24% of the SAFE MLO Test, about 27 of the 115 scored questions, and the one area where memorized numbers decide points: three business days, seven business days, 30 days, 120 days. Most questions name a law or a Consumer Financial Protection Bureau regulation and ask what it requires, when, and of whom.
- Share of the exam
- 24% in the official content outline, about 27 of the 115 scored questions
- Our drill
- 10 questions from 148 Federal Laws questions, untimed, an explanation after every answer; one free attempt, unlimited with a pass
What Federal Laws questions test
- RESPA and Regulation X: covered loans, settlement services, the Section 8 ban on kickbacks and unearned fees, affiliated business disclosures, escrow account limits and statements, servicing transfers, error notices and the foreclosure timeline
- TILA and Regulation Z: the finance charge and APR, the right of rescission on refinances of a principal dwelling, high-cost (HOEPA) and higher-priced mortgage loans, and loan originator compensation rules, including no pay based on loan terms and no dual compensation
- TRID: what counts as an application (six pieces of information), the Loan Estimate within three business days, the Closing Disclosure three business days before consummation, the changes that restart that wait, and the tolerance buckets
- ECOA and Regulation B: prohibited bases, notice of action taken within 30 days, adverse action reasons, and the borrower’s right to a copy of the appraisal
- HMDA, FCRA and FACTA, the Red Flags Rule, GLBA privacy and safeguards, Do-Not-Call and telemarketing rules, BSA/AML and suspicious activity reports, the MAP advertising rule, E-SIGN consent, PMI cancellation under the Homeowners Protection Act, and who regulates what after Dodd-Frank
Sit the full exam under the real clock
120 questions across all five content areas in 190 minutes, with a score for Federal Laws so you know where you stand.
Free Federal Laws drillHow to study it
- Make a one-page timeline from application to the first payment: when each disclosure is due and which business-day definition applies to it. Then take the TRID timing drill until you get every question right.
- Learn each law by its purpose first (RESPA: settlement costs and kickbacks; TILA: cost of credit; ECOA: discrimination; HMDA: reporting data) so you can eliminate options that belong to a different law.
- Read the tolerance buckets as a table: zero tolerance, 10% cumulative, and no limit. Questions often give a fee and ask which bucket it falls in.
- Drill federal law until you score 80% or better consistently; it is the second-largest area on the test.
Common questions
Which federal laws are on the NMLS test?
The content outline lists RESPA (Regulation X), ECOA (Regulation B), TILA (Regulation Z) including HOEPA, higher-priced mortgage loans, loan originator compensation and the TRID rule, then HMDA, FCRA/FACTA, the FTC Red Flags Rule, BSA/AML, GLBA with the Safeguards Rule and Do-Not-Call, the MAP advertising rule (Regulation N), E-SIGN, the USA PATRIOT Act, the Homeowners Protection Act and Dodd-Frank, plus the roles of the CFPB and HUD.
How many federal law questions are on the SAFE MLO Test?
Federal Mortgage-Related Laws is 24% of the test, which is about 27 of the 115 scored questions. Only Mortgage Loan Origination Activities (27%) is larger, and its disclosure-timing questions test the same TRID rules.
120 questions across all five content areas in 190 minutes, with a score for Federal Laws so you know where you stand.
Free Federal Laws drillThe other NMLS content areas
Sources
- NMLS MLO Testing Handbook: test specifications (120 items, 115 scored, 190 minutes, $110)
- NMLS: SAFE MLO National Test with Uniform State Test Content Outline
- NMLS MLO Testing Handbook: test results and the 75% passing score
- NMLS MLO Testing Handbook: retaking a failed test (30 / 30 / 180 days)
- NMLS: Test Performance Information (53% first-time pass rate)
- CFPB: TILA-RESPA Integrated Disclosure (TRID) rule
- eCFR: Regulation Z, 12 CFR 1026.19 (Loan Estimate and Closing Disclosure timing)
Original practice questions for exam preparation, written to the SAFE MLO National Test with Uniform State Test Content Outline. Independent practice, not affiliated with or endorsed by NMLS, the Conference of State Bank Supervisors (CSBS) or the State Regulatory Registry.