NMLS Federal Mortgage Practice Test Questions

Last Updated on May 13, 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) Which is an ECOA violation?

2) Since 2010, RESPA has been enforced by:

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

4) Thanks to TILA, consumers may:

5) The 2015 HMDA rule required reporting of:

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

7) TILA became law on:

8) “Creditor” under ECOA includes:

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

10) RESPA protections apply primarily to:

11) Under ECOA, consumers may:

12) How does RESPA protect the consumer?

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

14) Which is NOT TILA non-compliance?

15) HMDA’s main focus is to:

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

17) TILA requires mortgage professionals to:

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

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

20) Maximum penalties for TILA violations may include:

21) Failure to report HMDA data can result in:

22) Which application types are not HMDA-reportable?

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

24) Withdrawn applications must be reported to HMDA.

25) Which is NOT HMDA non-compliance?

26) When was RESPA enacted?

27) HMDA data are submitted via:

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

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

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

31) Regulation M under TILA primarily:

32) TILA outlaws:

33) RESPA primarily reduces or eliminates the cost of:

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

35) ECOA’s core purpose is to:

36) Why did Congress pass RESPA?

37) ECOA prohibits discrimination based on:

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

39) ECOA requires creditors to:

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

41) Which is NOT ECOA non-compliance?

42) Institutions must report which application types?

43) RESPA enforcement may include:

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

45) HMDA became law in:

46) ECOA became law in:

47) Regulation Z requires lenders to:

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