NMLS Federal Mortgage Practice Test Questions

Last Updated on June 30, 2026

NMLS Federal Mortgage Practice Test Questions 2025. The Nationwide Multistate Licensing System (formerly known as the Nationwide Mortgage Licensing System) has a Federal Mortgage-Related Laws section with a 24% rate.

There are currently five different federal loans that are backed by the federal government. These are FHA, VA, USDA, Freddie Mac, and Fannie Mae loans.  Since 2008, federal mortgage-related laws and regulations have undergone a comprehensive overhaul, incorporating updates and enhancements to existing rules, including the implementation of NMLS licensing and exam requirements.

These changes and present-day laws on a federal level will be essential to know inside and out, so in this chapter, you will be tested on your knowledge related to these very topics.

A. The Real Estate Settlement Procedures Act (RESPA)
B. The Truth in Lending Act (TILA)
C. The Home Mortgage Disclosure Act (HMDA)
D. The Equal Credit Opportunity Act (ECOA)
E. the Fair Housing Act (FHA)
F. the Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act)
G. The Consumer Financial Protection Bureau (CFPB) regulations

NMLS Federal Mortgage Practice Test

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NMLS Federal Mortgage Practice Test Questions

1) Regulation M under TILA primarily:

2) HMDA data are submitted via:

3) Creditors may ask an applicant’s race or gender only if:

4) TILA requires mortgage professionals to:

5) Which action is an example of RESPA non-compliance?

6) Which of the following is NOT an amendment to RESPA?

7) ECOA requires creditors to:

8) Which is NOT TILA non-compliance?

9) Which is an example of TILA non-compliance?

10) Since 2010, RESPA has been enforced by:

11) Under ECOA, consumers may:

12) On the Loan Application Register (LAR), lenders must report:

13) Withdrawn applications must be reported to HMDA.

14) ECOA’s core purpose is to:

15) Which application types are not HMDA-reportable?

16) ECOA became law in:

17) Which is an ECOA violation?

18) HMDA’s main focus is to:

19) Why did Congress pass RESPA?

20) RESPA enforcement may include:

21) RESPA primarily reduces or eliminates the cost of:

22) RESPA protections apply primarily to:

23) Does TILA cover a $75 000 student loan?

24) Maximum penalties for TILA violations may include:

25) The Housing Act of 1990 amended RESPA to require:

26) “Creditor” under ECOA includes:

27) ECOA protections apply to traditional and non-traditional lenders alike.

28) Which is NOT HMDA non-compliance?

29) Which is NOT an example of RESPA non-compliance?

30) Regulation Z requires lenders to:

31) ECOA prohibits discrimination based on:

32) ECOA bars creditors from weighing non-credit factors in decisions.

33) When was RESPA enacted?

34) HMDA became law in:

35) TILA outlaws:

36) Which is an example of HMDA non-compliance?

37) How does RESPA protect the consumer?

38) Institutions must report which application types?

39) A real-estate agent receiving payment for a referral violates RESPA.

40) A “closed-end mortgage loan” is best defined as one that:

41) TILA regulations apply to most kinds of consumer credit.

42) Thanks to TILA, consumers may:

43) Failure to report HMDA data can result in:

44) TILA became law on:

45) TILA gives borrowers how long to rescind certain credit contracts?

46) Which is NOT ECOA non-compliance?

47) The 2015 HMDA rule required reporting of:

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