An applicant with three young children asks about a condominium loan. The MLO responds, "Honestly, the lender would rather not place families with small kids in that project." Which federal statute's protected class does this remark most directly implicate? A ECOA and Regulation B, because familial status is one of Regulation B's prohibited bases B ECOA only, because the remark concerns the applicant's marital status C No federal law, because families with children are not a protected group in mortgage lending D The Fair Housing Act, because familial status is a protected class under that statute
Practice questions written to the published NMLS content outline for the SAFE MLO National Test Component with Uniform State Content, and to the underlying federal regulations (TILA/Regulation Z, RESPA/Regulation X, ECOA/Regulation B, HMDA, FCRA, GLBA, the Fair Housing Act, and the S.A.F.E. Mortgage Licensing Act). NMLS is a service of the Conference of State Bank Supervisors; this site is not affiliated with or endorsed by NMLS, the CSBS, the CFPB, or any state regulator. Dollar thresholds, loan limits, mortgage insurance factors, funding fees, license fees and bond amounts are adjusted periodically and are deliberately not tested here — confirm current figures and your own state's requirements with your state regulator before testing. Nothing here is legal or financial advice.
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