Arkansas MLO Exam Info
Specific Arkansas MLO Exam Content: There is no such thing as a "standard" mortgage loan originator Exam. All states have varied content from each other. This is why we spend so much time preparing the individual content for the Arkansas MLO exam keeping up with the changes as they occur in Arkansas.
MLO Practice Exams are organized into categories: When studying for your Arkansas MLO exam it is important to know your areas of weakness. We have taken the time to divide up the content into categories such as Federal Law, Loan Origination, General Loan knowledge and ethics. Each Category is graded separately to make it easier to identify and focus on your areas of weakness. Also included are master MLO Exams which incorporate all of the different categories into one test to help prepare you for your Arkansas MLO Exam.
Arkansas MLO Exam Questions Questions Are constantly Updated: We constantly update all of our Arkansas practice questions, including our national practice questions, our explanations and answers, and other content. These all unite to give you the most comprehensive and up to date information for your Arkansas MLO Exam.
SAFE Mortgage Loan Originator Test â€" State Component Arkansas Content Outline (50 scored test questions; 10 unscored test questions)
I. Arkansas Securities Department (5% = 2-3 scored questions)
A. Arkansas Securities Department
II. Fair Mortgage Lending Act (10% = 5 scored questions)
A. Fair Mortgage Lending Act B. Rules of the Fair Mortgage Lending Act C. Other State Law and Regulation Definitions
III. Arkansas License Law and Regulation (25% = 12-13 scored questions)
A. Persons required to be licensed 1. In state
B. Licensee qualifications and application process
1. 2. 3. 4.
Surety bond and net worth Background check and fingerprints (criminal check; credit report) Pre-licensing education and experience Testing and retesting
C. Grounds for denying a license
1. Criminal convictions
2. Previous revocation
D. License maintenance
1. Continuing education
2. Personal information updates and required notifications
4. Record keeping and reporting
5. Suspension and reinstatement
IV. Compliance (45% = 22-23 scored questions)
A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
V. Disciplinary Action (15% = 7-8 scored questions)
A. Notifications, hearings, and appeals
B. Suspension,revocation, and rescission of licenses
D. Civil and criminal liability
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