SAFE MLO National Test with Uniform State Content — Information & Free Practice

US · Examination information

200 free questions · Answer explanations · No signup required

SAFE MLO National Test with Uniform State Content

Format: multiple-choice
Exam questions: Total questions: 120; Scored questions: 115; Unscored questions: 5; The total includes the scored and unscored questions.
Time limit: 190 minutes
Passing score: 75% or better
Exam fee: $110

Examination outline

FEDERAL MORTGAGE RELATED LAWS (24%)
- Real Estate Settlement Procedures Act (RESPA), 12 CFR Part 1024 (Regulation X)
- Equal Credit Opportunity Act (ECOA), 12 CFR Part 1002 (Regulation B)
- Truth in Lending Act (TILA), 12 CFR Part 1026 (Regulation Z)
- TILA-RESPA Integrated Disclosure Rule (TRID) (“Know Before You Owe”)
- Other Federal Laws and Guidelines
- Regulatory Authority
UNIFORM STATE CONTENT (11%)
- SAFE Act
- State Mortgage Regulatory Agencies
- License Law and Regulation
- Licensee qualifications & application process
- License maintenance
- NMLS requirements
- Compliance
- Prohibited acts
- Required conduct
- Advertising
GENERAL MORTGAGE KNOWLEDGE (20%)
- Qualified and Non-qualified Mortgage Programs
- Mortgage Loan Products
- Terms Used in the Mortgage Industry
MORTGAGE LOAN ORIGINATION ACTIVITIES (27%)
- Loan Inquiry and Application Process Requirements
- Qualification: Processing & Underwriting
- Closing
- Financial Calculations
Ethics (18%)
- Ethical Issues
- Ethical behavior related to loan origination activities

Examination sources