NMLS Mortgage Loan Origination (SAFE MLO) Exam MLO Question # 60 Topic 7 Discussion

NMLS Mortgage Loan Origination (SAFE MLO) Exam MLO Question # 60 Topic 7 Discussion

MLO Exam Topic 7 Question 60 Discussion:
Question #: 60
Topic #: 7

Under which of the following conditions, if any, is a mortgage lender permitted to charge a fee for the preparation of a Closing Disclosure?


A.

The borrower requests additional copies of the Closing Disclosure after the closing.


B.

The borrower requests that the Closing Disclosure be prepared before the scheduled closing.


C.

The lender has an affiliated business arrangement with the escrow agent.


D.

The lender is not allowed to charge a fee for the preparation of the Closing Disclosure.


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