MLO Exam Dumps : Mortgage Loan Origination (SAFE MLO) Exam

The Fair Housing Act prohibits discrimination in housing based on disability. Federal courts and HUD have consistently ruled that HIV/AIDS qualifies as a disability under the Act.

“The Fair Housing Act prohibits discrimination in housing based on disability, including HIV/AIDS.”

— U.S. Department of Justice; HUD Fair Housing Act Overview

The Uniform Residential Loan Application (URLA, Form 1003) requires a comprehensive listing of the applicant’s assets and liabilities. This helps the lender determine the applicant’s net worth and capacity to repay the loan.

“The application must contain a complete and accurate accounting of all borrower assets and liabilities.”

— Fannie Mae Form 1003, Uniform Residential Loan Application Instructions

The SAFE Act requires states to have systems in place to sanction individuals who act as mortgage loan originators without a valid license or registration. This includes the ability to impose civil money penalties.

“Each state must have… the authority to impose civil money penalties… for failure to comply with licensing requirements, including acting as a mortgage loan originator without a valid license or registration.”

— 12 USC § 5104; SAFE Act Section 1517

Other activities may be sanctionable under different laws (e.g., RESPA, ECOA), but the SAFE Act specifically addresses unlicensed activity.