California MLO Exam Info

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

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

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

SAFE Mortgage Loan Originator Test - State Component CALIFORNIA Content Outline (50 scored test questions; 10 unscored test questions)

California Department of Corporations or California Department of Real Estate (5%)
A. Regulatory authority
B. Department/agency structure
C. Responsibilities and limitations

California Law and Regulation Definitions (10%)
A. Real Estate Law and Subdivided Lands Law (California Business and Professions Code Sections 10000 and 11288)
B. Regulations of the Real Estate Commissioner (Title 10 of the California Code of Regulations)
C. Administrative Procedure Act (Government Code Sections 11503 through 11528)
D. The California Residential Mortgage Lending Act •    California Financial Code (Division 20, commencing with Section 50000) •    California Code of Regulations (Subchapter 11.5 of Chapter 3 of Title 10, commencing with Section 1950.003)
E. The California Finance Lenders Law •    California Financial Code (Division 9, Sections 22000 through 22780) •    California Code of Regulations (Chapter 3, Title 10, Sections 1404 through
F. Civil Code (Sections 51 through 2995)
G. Penal Code (Sections 585 through 830.11)
H. California Financial Code (Sections 4970 through 51015)
I. Government Code (Sections 12900 through 12987)
J. Health and Safety Code (Section 35800 through 35833); California Code of Regulations (Section 7114)
K. Other State Law and Regulation Definitions

California License Law and Regulation (25%)
A. Persons required to be licensed
1.    Activities requiring licensure 2. Exemptions
B. Licensee qualifications and application process 1. 2. 3. 4.
Financial responsibility (surety bond or 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 a 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

Compliance (50%)
A. Prohibited conduct and practices
B.    Required conduct
C. Feesandcharges
D. Disclosures and agreements
E. Advertising
F.    Trust account requirements

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

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