SAFE MLO Test practice test

SAFE MLO Test · Question 1 of 2539:35

Ethics

A borrower qualifies for loans from two lenders. Lender A pays the loan officer more, but Lender B offers a lower rate with the same costs and features. What should the loan officer do?

Press A-D or 1-4 to choose an answer while this question is on screen.

Present only Lender A's loan, because the borrower qualifies for itRecommend Lender A's loan without mentioning the difference in payShow both loans and let the borrower chooseOffer to split the extra compensation with the borrower if the borrower picks the loan from Lender A

Lock is off during timed tests. On the free 10-question check and in untimed course practice, Lock walks you through your answers.

Every question is original and written to NMLS's published content outline, and every explanation cites the code section or source it relies on.