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) Does TILA cover a $75 000 student loan?

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

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

4) Regulation M under TILA primarily:

5) How does RESPA protect the consumer?

6) Which is an ECOA violation?

7) RESPA primarily reduces or eliminates the cost of:

8) TILA became law on:

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

10) Since 2010, RESPA has been enforced by:

11) ECOA became law in:

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

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

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

15) “Creditor” under ECOA includes:

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

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

18) Thanks to TILA, consumers may:

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

20) Under ECOA, consumers may:

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

22) Failure to report HMDA data can result in:

23) Regulation Z requires lenders to:

24) The 2015 HMDA rule required reporting of:

25) ECOA requires creditors to:

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

27) TILA outlaws:

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

29) When was RESPA enacted?

30) Institutions must report which application types?

31) TILA requires mortgage professionals to:

32) Which application types are not HMDA-reportable?

33) HMDA became law in:

34) RESPA protections apply primarily to:

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

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

37) RESPA enforcement may include:

38) ECOA’s core purpose is to:

39) Why did Congress pass RESPA?

40) ECOA prohibits discrimination based on:

41) Maximum penalties for TILA violations may include:

42) Which is NOT ECOA non-compliance?

43) Which is NOT TILA non-compliance?

44) HMDA’s main focus is to:

45) Withdrawn applications must be reported to HMDA.

46) Which is NOT HMDA non-compliance?

47) HMDA data are submitted via:

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