Arizona MLO Exam Info

Specific Arizona 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 Arizona MLO exam keeping up with the changes as they occur in Arizona.

MLO Practice Exams are organized into categories: When studying for your Arizona 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 Arizona MLO Exam.

Arizona MLO Exam Questions Questions Are constantly Updated: We constantly update all of our Arizona 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 Arizona MLO Exam.

SAFE Mortgage Loan Originator Test Arizona State Component Content Outline 50 scored test questions; 10 unscored test questions

I.  Arizona Department of Financial Institutions (5%)
A. Regulatory authority
B. Department structure
C. Responsibilities and limitations

II. State Law and Regulation Definitions (10%)
A. ARS 6-991
B. ARS6-901
C. ARS6-941
D. ARS 6-971
E. AAC R20-4-102
F. Liens and encumbrances

III.License Law and Regulation (20%)
A. Persons required to be licensed
1. In state
2. Out of state (non resident)
3. Exemptions
B. Licensee qualifications and application process
1. 2. 3. 4.
Financial responsibility (surety bond, net worth, or recovery fund) Background check and fingerprints (criminal check; credit report) Pre-licensing education and experience Testing and retesting
C. Grounds for denying license
1. Criminal convictions
2. Previous revocation
3. Prohibition
D. License maintenance
1. Continuing education
2. Personal information updates and required notifications
3. Renewal
4. Record keeping and reporting
5. Suspension and reinstatement

IV.    Compliance (50%)
A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising Last Updated: 6/22/2010

VI. Disciplinary Action (10%)
A. Notifications, hearings, and appeals
B. Suspension, revocation, and rescission of licenses
C. Penalties/fines
D. Civil and criminal liability

Arizona Unique State Test Areas (5%)
A. General purposes and legal effects of mortgages, deeds of trust, and security agreements
1. Documents
2. Foreclosure processes
3. Liens
B. Principles of real estate lending
C. Obligations between principal and agent (loan originator)

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