EstatePass
USTmedium11% of exam

A Virginia examiner wants sworn answers from a partner during a 2026 examination. May the examiner administer an oath and examine the partner under oath?

Correct Answer

D) The examiner may administer oaths and examine those people under oath

For the purposes of the examination the person conducting it has authority to administer oaths, examine under oath all of the owners, members, officers, directors, partners and employees, and compel the production of papers and objects of all kinds. Other choices: no court proceeding is needed; partners are named among those who may be examined; and consent is not required. Source: Va. Code § 6.2-1611

Answer Options
A
Sworn testimony requires a court proceeding, since an examiner has no power to swear witnesses
B
The examiner may administer oaths only to officers and directors
C
The examiner may administer oaths only with the licensee consent
D
The examiner may administer oaths and examine those people under oath

Why This Is the Correct Answer

For the purposes of the examination the person conducting it has authority to administer oaths, examine under oath all of the owners, members, officers, directors, partners and employees, and compel the production of papers and objects of all kinds. Other choices: no court proceeding is needed; partners are named among those who may be examined; and consent is not required. Source: Va. Code § 6.2-1611

Was this explanation helpful?

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

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing