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NMLS MLO Exam Syllabus Topics:
| Section | Objectives |
|---|---|
| Topic 1: Federal Mortgage-Related Laws | - Equal Credit Opportunity Act (ECOA) - Real Estate Settlement Procedures Act (RESPA) - Fair Housing Act - Truth in Lending Act (TILA) / Regulation Z |
| Topic 2: Ethics and Professional Conduct | - Disclosure Requirements - Consumer Protection Standards - Fraud Prevention |
| Topic 3: Uniform State Content | - State Lending Regulations Overview - Licensing Requirements and Compliance |
| Topic 4: General Mortgage Knowledge | - Loan Closing Procedures - Mortgage Types and Products - Loan Origination Process - Underwriting Basics |
NMLS Mortgage Loan Origination (SAFE MLO) Sample Questions:
1. Which of the following facets of a loan could be considered predatory lending or steering?
A) Fixed interest rate
B) Prepayment penalty
C) Lowered interest rate
D) Cash-out
2. When a mortgage loan originator notices multiple Social Security number discrepancies within the same loan file, it is considered a red flag of:
A) pricing discrepancies.
B) mortgage fraud.
C) a forgetful borrower.
D) fair lending.
3. How many days must a borrower's mortgage loan be delinquent before the mortgage company is permitted to submit the first notice filing in the foreclosure process?
A) 60 days
B) 120 days
C) 90 days
D) 30 days
4. Illegal fee splitting occurs when:
A) wages are split by two employees.
B) three companies split a fee but one did no work.
C) fees are split between lender and broker.
D) two service providers split a fee.
5. Which of the following is considered a prohibition under the Real Estate Settlement Procedures Act (RESPA)?
A) Hosting an educational seminar at no cost to the participants
B) Renting office space at lower rates based on the whole or in the amount of business referred
C) Donating an item of value to a silent auction hosted by a charity
D) Sponsoring a little league team where the company name is on the uniforms
Solutions:
| Question # 1 Answer: B | Question # 2 Answer: B | Question # 3 Answer: B | Question # 4 Answer: B | Question # 5 Answer: B |







