State Exam Test Prep: District of Columbia

Course State Exam Test Prep: District of Columbia Price $47
$59

$47

This course includes the following:
State Exam Test Prep: District of Columbia
This course is designed to prepare you to pass the District of Columbia 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


SAFE Mortgage Loan Originator Test – State Component
District of Columbia Content Outline
(50 scored test questions; 10 unscored test questions)

1. District of Columbia Department of Insurance, Securities and Banking (DISB) (5%)

A. Regulatory authority

B. Department and agency structure

C. Responsibilities and limitations

2. District Law and Regulation Definitions (10%)

A. Mortgage Lender and Broker Act of 1996 as amended by Mortgage Lender and Broker Amendment Act of 2009 (DC Law 18-38; 56 DC Reg 4290)

3. License Law and Regulation (20%)

A. Persons required to be licensed

1. 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. Clean Hands certificate

5. Testing and retesting

6. Sponsorship

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

E. Examination Authority

4. Compliance (50%)

A. Prohibited conduct and practices

B. Required conduct

C. Fees and charges

D. Disclosures and agreements

1. District of Columbia Financing Agreement

2. Non-conventional Mortgage Disclosure

5. Disciplinary Action (10%)

A. Notifications, hearings, and appeals

B. Suspension, revocation, and rescission of licenses

C. Penalties and fines

Course State Exam Test Prep: District of Columbia Price $47
$59

$47

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