Connecticut MLO Exam Info

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

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

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

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

I.    Connecticut Department of Banking (5%)
A. Regulatory authority
B. Department/agency structure
C. Responsibilities and limitations

II.    Connecticut Law and Regulation Definitions (10%)
A. Section 36a of the Connecticut General Statutes " The Connecticut Banking Law
1. Administration and Enforcement
2. Non-Depository Financial Institutions
3. Regulated Activities
B.    Section 49 of the Connecticut General Statutes " Mortgages and Liens 1. Mortgages
2. Liens
C.    Section 20 of the Connecticut General Statutes " Professional and
Occupational Licensing, Certification, Title Protection and Registration Examination Boards. 1. Real Estate Brokers and Salespersons
D. Section 4 of the Connecticut General Statutes " Management of State Agencies
1. Uniform Administrative Procedure Act
E. Other state laws and regulation definitions

III.    License Law and Regulation (20%)
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 and tangible 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
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

V. Compliance (50%)
A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising

Disciplinary Action (15%)
A. Notifications, hearings, and appeals
B. Suspension, revocation, and rescission of licenses
C. Penalties/fines
D. Civil and criminal liability

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