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NMLS Mortgage Loan Origination (SAFE MLO) : MLO Exam

MLO Exam Questions
  • Exam Code: MLO
  • Exam Name: Mortgage Loan Origination (SAFE MLO) Exam
  • Updated: Sep 07, 2026
  • Q & A: 232 Questions and Answers
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NMLS MLO exam demo

NMLS MLO Exam Syllabus Topics:

SectionWeightObjectives
Uniform State Content11%- State licensing and regulatory requirements
- Compliance and disciplinary standards
- License maintenance and renewal
General Mortgage Knowledge20%- LTV, DTI, CLTV, PMI, points and fees
- Mortgage terms, concepts and calculations
- Fixed-rate vs adjustable-rate mortgages
- Conventional, FHA, VA, USDA loan characteristics
Mortgage Loan Origination Activities27%- Closing and post-closing procedures
- Loan application process
- Borrower qualification and underwriting basics
- Loan programs and product types
Federal Mortgage-Related Laws24%- Fair lending and consumer protection rules
- Disclosure requirements and timing
- SAFE Act and federal regulatory framework
- TILA, RESPA, ECOA, HMDA, FCRA
Ethics18%- Ethical practices and professional conduct
- Conflict of interest and disclosure obligations
- Fair lending and anti-discrimination
- Fraud prevention and detection

NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:

Question 1

The purpose of a Suspicious Activity Report (SAR) is to report known or suspected violations or suspicious activity observed by financial institutions subject to the:

A. Real Estate Settlement Procedures Act(RESPA).
B. Truth in Lending Act (TILA).
C. Bank Secrecy Act (BSA).
D. Gramm-Leach-Bliley Act(GLBA).


Question 2

Which of the following actions by a mortgage loan originator is prohibited regarding credit secured by a dwelling?

A. Providing disclosures within three days of an application
B. Receiving compensation from both the borrower and the lender
C. Providing a copy of the credit application to the primary borrower
D. Presenting program options that best qualify and satisfy the consumer


Question 3

Which of the following reasons is acceptable for denying a loan under the Equal Credit Opportunity Act (ECOA)?

A. Receipt of child support
B. Immigration status
C. Country of birth
D. Marital status


Question 4

When a consumer applies for an ARM, the creditor must provide a variable-rate program disclosure:

A. At the time an application form is provided or before the consumer pays a nonrefundable fee, whichever is earlier.
B. No later than seven business days before loan consummation.
C. No later than three business days before loan consummation.
D. After the creditor has received documents verifying information related to the consumer's application.


Question 5

Which of the following is a requirement for a mortgage loan originator (MLO) license?

A. Completed at least 10 hours of pre-licensing education
B. Have never been convicted of a felony in a domestic, foreign or military court
C. Have not had an MLO license revoked in the last five years
D. Are covered by either a net worth or surety bond or pay into a state fund as required by the state loan originator's supervisory authority


Solutions:

Question 1
Answer: C
Question 2
Answer: B
Question 3
Answer: B
Question 4
Answer: A
Question 5
Answer: D

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