Maine Mortgage Safe Test Answer Study Guide

Maine Mortgage Test Preparation.
We have put together an electronic study guide which is over 100 pages covering the entire outline below. Save money, save time, with our Maine test answer study guide. Benefit, we have highlighted the key components that the state recommends in their outline. Fact, we included the expanded text and click able links to the source of specific laws, legislation, rules, and regulations. Plus you get Three free bonuses with your purchase today. First you get access to our 6 part Maine Law Class with test questions and an answer guide. Second, bonus you get access to our new slide presentation for the Maine Study Guide with over 200 slides. Third, Bonus you receive an access to our new study guide questions.
Price $59 Today Only $47
Simple, you can order by phone at 877-209-6217 or use our one click order button and your materials will be sent to you.





Last updated: Today
SAFE Mortgage Loan Originator Test – State Component
Maine Content Outline
(45 scored test questions; 10 unscored test questions)
I. Maine Bureau of Consumer Credit Protection (5%) – 2-3 questions
A. Regulatory authority
B. Department/agency structure
C. Responsibilities and limitations
II. State Law and Regulation Definitions (10%) – 4-5 questions
A. Maine SAFE for Mortgage Licensing Act of 2009
B. Title 9A (Maine Consumer Credit Code), Articles I-XII
C. Maine Funded Settlement Act
C. Other State Law and Regulation Definitions
III. License Law and Regulation (25%) – 11-12 questions
A. Persons required to be licensed
1. Activities requiring licensure
2. Exemptions
B. Licensee qualifications and application process
1. Financial responsibility (surety bond and net worth)
2. Background check and fingerprints (criminal check; credit report)
3. Pre-licensing education and experience
4. Testing and retesting
C. Grounds for denying a license
1. Criminal convictions
2. Previous revocation
3. Prohibition
D. License maintenance
1. Continuing education
2. Personal information updates and required notifications
3. Renewal
4. Record keeping and reporting
5. Suspension and reinstatement
IV. Compliance (50%) – 22-23 questions
A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising
F. Escrow account requirements
V. Disciplinary Action (10%) – 4-5 questions
A. Notifications, hearings, and appeals
B. Suspension, revocation, and rescission of licenses
Last updated: 11.18.10
C. Penalties/fines
D. Civil and criminal liability
Last updated: 11.18.10
Maine State Test Component Reference List
A number of references and resources are used to develop the SAFE Mortgage Loan Originator Test. The following list is intended to be used as a guide to help candidates prepare for the test component; however, it is not intended to be an all-inclusive list
• 9-A, Sec. 1-102(2)(D,F), 111, 202(1), 301(17,38-A,39)
• 9-A, Sec. 2-301, 302 (1-A), 2(A), 303 (1-A), 1(B),4,401(2), 502(1)
• 9-A, Sec. 3-305, 309, 312, 313, 314, 316
• 9-A, Sec. 5-110
• 9-A, Sec. 6-102, 104, 106(1,3), 108, 111(1),113,113(2),116(1)
• 9-A, Sec. 8-206-H; 8-206-I(1)(C)(2)(b)]
• 9-A, Sec. 8-103(1-A)(N,P,P-1,T,W,X,FF)
• 9-A, Sec. 8-105,105(1,5)
• 9-A, Sec. 8-204, 204(1,2,3,3E,6)
• 9-A, Sec. 8-206-B(1)(A)
• 9-A, Sec. 8-206-I(1)(C,D)
• 9-A, Sec. 8-206-J(2)(B)
• 9-A, Sec. 8-206-A(1)(A)]
• 9-A, Sec. 9-305-B,307(3),309,310,311-A,407
• 9-A, Sec .10-102, 102(1), 202,301, 303, 303-A, 306, 307, 309
• 9-A, Sec. 13-102(1,2,3,4,5,6,7,7(B),9,12,13)
• 9-A, Sec. 13-103,103-1, 2(A), 2 (B), 2C,3(A),4)
• 9-A, Sec. 13-104-2,4,4(A)
• 9-A, Sec. 13-105, 105-1, 2, 2(A), 2(B), 3
• 9-A, Sec. 13-106-1, 1(B)
• 9-A, Sec. 13-107(4)(A)
• 9-A, Sec. 13-108(2)
• 9-A, Sec. 13-109- 1, 1(B), 2, 5(B), 6
• 9-A, Sec. 13-112,112- 1, 1(A), 1(B), 1(C), 1(E),3,4
• 9-A, Sec. 13-115
• 9-A, Sec. 13-116, 116 (1,2,8,9,10,11,14,15)
• 9-A, Sec. 13-118
• 9-A, Sec. 13-119
• Bureau Regulation Ch. 550: Guidelines for Determining Reasonable, Tangible Net Benefit
• Community Reinvestment Act of 1977
• Title 5 (Fair Credit Extension Act), Sec. 4595
• Maine Rule 240: Truth-in-Lending
• Title 5 (Unfair Trade Practices Act), Sec. 201-A et seq.
• Title 9-B (Banking Code), Sec. 429
• Title 10 (Notice of Risk to Personal Data Act), Sec. 1347
• Title 11 (Uniform Commercial Code), Sec. 9-1102(65)
Last updated: 11.18.10
• Title 14 (Maine mortgage law), Sec. 6-111(1)
• Title 33 (Funded Settlement Act), Sec. 524
Title 10 (Fair Credit Reporting Act), Sec. 1320

Last updated: 11.18.10SAFE Mortgage Loan Originator Test – State ComponentMaine Content Outline(45 scored test questions; 10 unscored test questions)I. Maine Bureau of Consumer Credit Protection (5%) – 2-3 questionsA. Regulatory authorityB. Department/agency structureC. Responsibilities and limitationsII. State Law and Regulation Definitions (10%) – 4-5 questionsA. Maine SAFE for Mortgage Licensing Act of 2009B. Title 9A (Maine Consumer Credit Code), Articles I-XIIC. Maine Funded Settlement ActC. Other State Law and Regulation DefinitionsIII. License Law and Regulation (25%) – 11-12 questionsA. Persons required to be licensed1. Activities requiring licensure2. ExemptionsB. Licensee qualifications and application process1. Financial responsibility (surety bond and net worth)2. Background check and fingerprints (criminal check; credit report)3. Pre-licensing education and experience4. Testing and retestingC. Grounds for denying a license1. Criminal convictions2. Previous revocation3. ProhibitionD. License maintenance1. Continuing education2. Personal information updates and required notifications3. Renewal4. Record keeping and reporting5. Suspension and reinstatementIV. Compliance (50%) – 22-23 questionsA. Prohibited conduct and practicesB. Required conductC. Fees and chargesD. Disclosures and agreementsE. AdvertisingF. Escrow account requirementsV. Disciplinary Action (10%) – 4-5 questionsA. Notifications, hearings, and appealsB. Suspension, revocation, and rescission of licensesLast updated: 11.18.10C. Penalties/finesD. Civil and criminal liabilityLast updated: 11.18.10Maine State Test Component Reference ListA number of references and resources are used to develop the SAFE Mortgage Loan Originator Test. The following list is intended to be used as a guide to help candidates prepare for the test component; however, it is not intended to be an all-inclusive list• 9-A, Sec. 1-102(2)(D,F), 111, 202(1), 301(17,38-A,39)• 9-A, Sec. 2-301, 302 (1-A), 2(A), 303 (1-A), 1(B),4,401(2), 502(1)• 9-A, Sec. 3-305, 309, 312, 313, 314, 316• 9-A, Sec. 5-110• 9-A, Sec. 6-102, 104, 106(1,3), 108, 111(1),113,113(2),116(1)• 9-A, Sec. 8-206-H; 8-206-I(1)(C)(2)(b)]• 9-A, Sec. 8-103(1-A)(N,P,P-1,T,W,X,FF)• 9-A, Sec. 8-105,105(1,5)• 9-A, Sec. 8-204, 204(1,2,3,3E,6)• 9-A, Sec. 8-206-B(1)(A)• 9-A, Sec. 8-206-I(1)(C,D)• 9-A, Sec. 8-206-J(2)(B)• 9-A, Sec. 8-206-A(1)(A)]• 9-A, Sec. 9-305-B,307(3),309,310,311-A,407• 9-A, Sec .10-102, 102(1), 202,301, 303, 303-A, 306, 307, 309• 9-A, Sec. 13-102(1,2,3,4,5,6,7,7(B),9,12,13)• 9-A, Sec. 13-103,103-1, 2(A), 2 (B), 2C,3(A),4)• 9-A, Sec. 13-104-2,4,4(A)• 9-A, Sec. 13-105, 105-1, 2, 2(A), 2(B), 3• 9-A, Sec. 13-106-1, 1(B)• 9-A, Sec. 13-107(4)(A)• 9-A, Sec. 13-108(2)• 9-A, Sec. 13-109- 1, 1(B), 2, 5(B), 6• 9-A, Sec. 13-112,112- 1, 1(A), 1(B), 1(C), 1(E),3,4• 9-A, Sec. 13-115• 9-A, Sec. 13-116, 116 (1,2,8,9,10,11,14,15)• 9-A, Sec. 13-118• 9-A, Sec. 13-119• Bureau Regulation Ch. 550: Guidelines for Determining Reasonable, Tangible Net Benefit• Community Reinvestment Act of 1977• Title 5 (Fair Credit Extension Act), Sec. 4595• Maine Rule 240: Truth-in-Lending• Title 5 (Unfair Trade Practices Act), Sec. 201-A et seq.• Title 9-B (Banking Code), Sec. 429• Title 10 (Notice of Risk to Personal Data Act), Sec. 1347• Title 11 (Uniform Commercial Code), Sec. 9-1102(65)Last updated: 11.18.10• Title 14 (Maine mortgage law), Sec. 6-111(1)• Title 33 (Funded Settlement Act), Sec. 524Title 10 (Fair Credit Reporting Act), Sec. 1320
Order Now