NMLS Exam Prep: Mortgage Deed, Reg C, MARS & Red Flags 📝

Preparing for the NMLS exam? This breakdown will help you connect legal concepts with real-world meaning without wasting time on what you don't need. I simplify complex topics like the statutory right of redemption, MARS rule, mortgage deeds, and Regulation C. Learn how to avoid common mistakes and focus on what is likely to appear on the national test. Grab a practice exam at: https://shop.studywithdee.com/products/nmls-practice-exam/ 📒

Learn:
- What Reg C (HMDA) covers and when it applies.
- A smarter way to remember who enforces which law.
- How the mortgage deed works depending on your state.
- What the MARS Rule says about upfront fees and why it matters.
- What the statutory and equitable rights of redemption really mean.

Chapters:
00:00 - NMLS Exam Breakdown Overview
06:04 - Statutory Right of Redemption
17:08 - What's Prohibited Under the MARS Rule?
20:33 - Red Flag Rules
22:48 - Who Signs the Mortgage Deed?
29:07 - Loan Estimate Record Retention
31:00 - Regulation C Reporting Requirements

➡️ Now that you know about the right of redemption, learn about the right of rescission: https://www.youtube.com/live/hrWKWwQvYZE?si=h_Gb9d13EwoZEI7m/

#NMLS