State Exam Test Prep: California

Course State Exam Test Prep: California Price $99 Today Only $79

This course includes the following:
State Exam Test Prep: California

This course is designed to prepare you to pass the NMLS California 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
California Content Outline
(50 scored test questions; 10 unscored test questions)

I. California Department of Corporations or California Department of Real Estate (5%)

A. Regulatory authority

B. Department/agency structure

C. Responsibilities and limitations

II. 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 1570)

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

III. 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. 1. Financial responsibility (surety bond or net worth or recovery fund)
2. 2. Background check and fingerprints (criminal check; credit report)
3. 3. Pre-licensing education and experience
4. 4. Testing and retesting

C. Grounds for denying a license

1. 1. Criminal convictions
2. 2. Previous revocation
3. 3. Prohibition

D. License maintenance

1. 1. Continuing education
2. 2. Personal information updates and required notifications
3. 3. Renewal
4. 4. Record keeping and reporting
5. 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. Trust account requirements

V. Disciplinary Action (10%)

A. Notifications, hearings, and appeals

B. Suspension, revocation, and rescission of licenses

C. Penalties/fines

D. Civil and criminal liability

Course State Exam Test Prep California Price $99 Today’s Special $79