State Exam Test Prep: Connecticut

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

$47

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

This course is designed to prepare you to pass the NMLS Connecticut 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

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. Financial responsibility (surety bond and tangible net worth)
  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

V. Disciplinary Action (15%)
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: Ohio Price $47
$59

$47

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