VA MLO Practice Questions - Virginia Mortgage Loan Originator Exam - VA MLO Practice Questions

Question 1

Which agency is the primary regulator of mortgage loan originators in Virginia?

Virginia Department of Professional and Occupational Regulation Virginia Bureau of Financial Institutions under the State Corporation Commission Virginia Real Estate Board Virginia Department of Housing and Community Development

Correct Answer:

Virginia Bureau of Financial Institutions under the State Corporation Commission

Question 2

How many hours of NMLS-approved pre-license education are required to apply for a Virginia MLO license?

15 hours 20 hours 24 hours 30 hours

Correct Answer:

20 hours

Question 3

What is the minimum surety bond amount required for a Virginia mortgage loan originator license?

$$10,000 $$25,000 $$50,000 $$100,000

Correct Answer:

$$25,000

Question 4

Virginia primarily uses which type of foreclosure process?

Strict judicial foreclosure Non-judicial foreclosure through deed of trust Administrative foreclosure through a state agency Hybrid foreclosure requiring both court and trustee action

Correct Answer:

Non-judicial foreclosure through deed of trust

Question 5

Under Virginia law, what is the primary statute governing mortgage lending and loan originator conduct?

Virginia Consumer Credit Code Virginia Mortgage Lender and Broker Act Virginia Fair Housing Act Virginia Real Estate License Law

Correct Answer:

Virginia Mortgage Lender and Broker Act

Question 1

Exam overview

About this Exam

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

More details

Additional Information

VA MLO Practice Questions - Virginia Mortgage Loan Originator Exam

This practice set contains 100 questions from the matching question bank and focuses on virginia, mortgage, foreclosure, borrower, and loan. 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.

Quiz information

Frequently Asked Questions

The complete question count is available after full access is unlocked.

No fixed duration is currently configured for this quiz.

Question explanations are included where they are available in the quiz content, helping you review the reasoning after answering.

Yes. You can retake the practice test again as you continue studying during your available access period.

After your access is confirmed, you can continue into the complete practice exam from this quiz flow.

Unless explicitly stated otherwise, this page provides independent practice material for study and exam preparation and is not the official examination itself.

Keep studying

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

Correct Answer:

About this Exam

Additional Information

VA MLO Practice Questions - Virginia Mortgage Loan Originator Exam

Frequently Asked Questions

Related Questions

CFPB Mortgage Compliance Training (MCT) 3 Practice Test

CUCE Mortgage Lending Practice Test

California Mortgage Lending Licensing Practice Exam

California Mortgage Loan Originator (MLO) License Practice Test

Canada Mortgage Professionals Practice Exam

Loan Officer Practice Exam