A Nevada compliance counsel reviews a application queue about Nevada may refer suspected violations TILA ECOA before submission. What should the reviewer choose?
Correct Answer
C) Nevada may refer suspected violations of TILA, ECOA, RESPA, the SAFE Act, or other applicable mortgage-transaction law to appropriate federal or state agencies for investigation and action.
Nevada may refer suspected violations of TILA, ECOA, RESPA, the SAFE Act, or other applicable mortgage-transaction law to appropriate federal or state agencies for investigation and action.
Why This Is the Correct Answer
The correct response is "Nevada may refer suspected violations of TILA, ECOA, RESPA, the SAFE Act, or other applicable mortgage-transaction law to appropriate federal or state agencies for investigation and action." because Nevada may refer suspected violations of TILA, ECOA, RESPA, the SAFE Act, or other applicable mortgage-transaction law to appropriate federal or state agencies for investigation and action.
Why the Other Options Are Wrong
Option A: Postpone the Nevada advertising and consumer-protection controls issue until the next annual review.
Postpone the Nevada advertising and consumer-protection controls issue until the next annual review. is not correct because it does not apply the rule tested by this file scenario.
Option B: Use only the federal baseline and ignore the separate Nevada state requirement.
Use only the federal baseline and ignore the separate Nevada state requirement. is not correct because it does not apply the rule tested by this file scenario.
Option D: Apply the rule only after the Nevada regulator has already opened an examination.
Apply the rule only after the Nevada regulator has already opened an examination. is not correct because it does not apply the rule tested by this file scenario.
Memory Technique
Uniform State Content duties / prohibited practices / consumer protection: identify the rule being tested, then choose the action that documents or applies that rule before the file moves forward.
Exam Tip
Match the file facts to Uniform State Content duties / prohibited practices / consumer protection; do not choose an exception or shortcut that skips the required rule.
Common Mistakes to Avoid
- -Choosing an internal exception instead of the governing rule
- -Treating preliminary or informal facts as a substitute for required documentation
- -Answering from a familiar but unrelated mortgage topic
More UST Questions
A Washington broker provides the federal settlement service estimates and booklet in 2026 and no separate state itemization. Can disclosures compliant with RESPA and Regulation X satisfy the state third-party itemization subsection?
Priya is comparing pre-license education providers before applying for a Florida mortgage loan originator license. How many hours of approved pre-license education must she complete in total?
An applicant is budgeting for a Florida MLO license and asks what the state application fee comes to at filing. Which figure is correct?
A newly sponsored Florida MLO is told she must buy an individual surety bond in her own name before she can originate. Is that correct?
A Washington consumer loan act licensee also brokers loans in 2026 outside the authority of that act. Does the consumer-loan-act exemption extend to mortgage brokerage outside that act’s authority?
A $200,000 Texas home equity loan has $3,700 in fees subject to the constitutional cap and a separate $600 fee for an appraisal performed by a third-party appraiser. Do the capped fees exceed the limit?
An owner applies for a Texas home equity loan on 4 May 2026 and the lender delivers the required notice on 8 May. Which date starts the constitutional 12-day waiting period for closing?
An owner closed a Texas home equity loan on 3 February 2026 and wants a second one on the same homestead in November 2026. Assuming no declared-emergency exception applies and the earlier home equity lien will be paid off, may the new loan close in November?
A Texas home equity loan forecloses and the sale leaves the lender $62,000 short of the balance owed. Absent actual fraud in obtaining the credit, may the lender recover the shortfall personally from the owner or spouse?
A Washington real estate broker helps a 2026 buyer arrange financing and takes only the usual sales commission. Does financing assistance incidental to a bona fide sale for only the customary real-estate commission fall within the exemption?
People Also Study
Federal Mortgage-Related Laws
24% of exam
General Mortgage Knowledge
20% of exam
Mortgage Loan Origination Activities
27% of exam
Ethics, Fraud & Consumer Protection
18% of exam