Question 1
Which agency is the primary regulator of mortgage loan originators in California?
Correct Answer:
California Department of Financial Protection & Innovation (DFPI)
Question 2
California primarily uses which type of foreclosure process?
Correct Answer:
Non-judicial foreclosure through deeds of trust
Question 3
Under which California law can a company originate mortgage loans using its own funds?
Correct Answer:
California Residential Mortgage Lending Act (CRMLA)
Question 4
Under DFPI's California Financing Law, what is the minimum surety bond a CFLL licensee must maintain?
Correct Answer:
$$25,000
Question 5
Under California's non-judicial foreclosure process, what is the first step the lender must take?
Correct Answer:
Record a Notice of Default (NOD) with the county recorder
Question 1
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About this Exam

Prepare with the CA MLO Practice Questions - California Mortgage Loan Originator Exam practice quiz. This question bank includes 100 questions covering california, mortgage, foreclosure, civil, and dfpi. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CA MLO Practice Questions - California Mortgage Loan Originator Exam

This practice set contains 100 questions from the matching question bank and focuses on california, mortgage, foreclosure, civil, and dfpi. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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