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) Does TILA cover a $75 000 student loan?

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

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

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

6) Regulation M under TILA primarily:

7) HMDA became law in:

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

9) HMDA data are submitted via:

10) HMDA’s main focus is to:

11) TILA requires mortgage professionals to:

12) Regulation Z requires lenders to:

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

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

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

16) ECOA’s core purpose is to:

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

18) Which is NOT HMDA non-compliance?

19) Why did Congress pass RESPA?

20) ECOA prohibits discrimination based on:

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

22) RESPA enforcement may include:

23) Failure to report HMDA data can result in:

24) Which application types are not HMDA-reportable?

25) TILA outlaws:

26) ECOA requires creditors to:

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

28) Under ECOA, consumers may:

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

30) “Creditor” under ECOA includes:

31) How does RESPA protect the consumer?

32) Thanks to TILA, consumers may:

33) Maximum penalties for TILA violations may include:

34) Withdrawn applications must be reported to HMDA.

35) When was RESPA enacted?

36) RESPA protections apply primarily to:

37) RESPA primarily reduces or eliminates the cost of:

38) Which is NOT ECOA non-compliance?

39) Which is NOT TILA non-compliance?

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

41) Since 2010, RESPA has been enforced by:

42) Institutions must report which application types?

43) ECOA became law in:

44) TILA became law on:

45) The 2015 HMDA rule required reporting of:

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

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

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