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Mortgage Loan Origination (SAFE MLO) Exam

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Mortgage Loan Origination (SAFE MLO) Exam Questions and Answers

Questions 1

Which of the following responses describes the required amount of flood insurance coverage?

Options:

A.  

The original appraised value of the home

B.  

The outstanding principal balance of the loan

C.  

The minimum amount of National Flood Insurance Program coverage available

D.  

The property value on file with the county property valuation administrator office