Georgia MLO Exam Info

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

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

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

SAFE Mortgage Loan Originator Test " State Component Georgia Content Outline (55 scored test questions; 10 unscored test questions)

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

II.    Georgia Residential Mortgage Act (15%)
A. State Law and Regulation Definitions
B. Mortgage Division Rules
C. Other Definitions

III.    License Law and Regulation (20%)
A. Persons required to be licensed
1. In state or out of state
2. Exemptions
B. Licensee qualifications and application process
1. 2. 3. 4.
Financial responsibility (surety bond) 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

IV.    Compliance (45%)
A. Prohibited conduct and practices 1. Ethics
2. Misrepresentation or fraud
3. Unlicensed activity
B. Required conduct
C. Fees and charges
1. GA Fair Lending Act (GAFLA)
D. Disclosures and agreements
E. Advertising

VI. Disciplinary Action (10%)
A. Notifications, hearings, and appeals
B. Revocation of license
C. Administrative fines
D. Civil and criminal liability
E. Cease and desist order

GA Fair Lending Act (GAFLA) (5%)
A.    GA Fair Lending Act (GAFLA)

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