State Exam Test Prep: Ohio

Course State Exam Test Prep: Ohio Price $47
$59

$47

This course includes the following:
SL OH1 TP – State Law – Ohio Test Prep

This course is designed to prepare you to pass the NMLS Ohio State Exam, with material and questions all tailored to the test outline!  This course includes:

1.  Over 150 test questions that simulate the state exam questions:

a.  You can take the test an unlimited amount of times

b.  The questions are randomized so each test is different

c.  Clickable wrong answers so that you know what section to review

2.  Printable and Online slides

3.  Notes that discuss each slide and provide further insight

The exam outline we follow is listed below.  Please enjoy the class!

 


 

SAFE Mortgage Loan Originator Test – State Component
OHIO Content Outline

(55 scored test questions; 10 unscored test questions)


I.       Ohio Division of Financial Institutions (5%)

A. Ohio Division of Financial Institutions
B. Department/agency structure – Superintendent’s Office
C. Responsibilities and limitations

II.      Ohio Law and Regulation Definitions (15%)

A. Mortgage Broker Act
B. Mortgage Loan Act
C. Homeowners Equity Protection Act
D. Consumer Sales Practices Act
E. Other Ohio Law and Regulation Definitions

III.     License Law and Regulation (20%)

A. Persons required to be licensed

1. In state
2. Exemptions

B. Licensee qualifications and application process

1. Financial responsibility (surety bond)
2. Background check and fingerprints (criminal check; credit report)
3. Pre-licensing education and experience
4. 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 (50%)

A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising
F. Special account requirements

 

V. Disciplinary Action (10%)

A. Notifications, hearings, and appeals
B. Suspension, revocation of licenses
C. Penalties/fines
D. Civil and criminal liability

Course State Exam Test Prep: Ohio Price $47
$59

$47

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