RESPA, the number one regulation governing the real estate industry, is one of the most important regulations with which you must be familiar in order to operate in the mortgage industry. As such, it is no surprise that the NMLS National MLO Licensing Exam loves to evaluate mortgage loan originator prospects on their RESPA knowledge. Are you prepared to demonstrate proficiency with regard to what RESPA does and does not apply? Are you familiar with its purposes, its disclosures, Sections 6, 8, 9, and 10? And then there’s ECOA. The Equal Credit Opportunity Act is another extremely important regulation with which you must be familiar when taking the NMLS Exam and compliant when operating as a licensed MLO. Can you identify all of the prohibited characteristics? Can you explain the difference between testing and self-testing? How about disparate treatment and disparate impact? If you’re not thoroughly familiar with these two extremely important regulations, regulations on which you can expect to be tested, why are you still reading this and not watching this training video?