State Exam Test Prep: Kentucky

Course State Exam Test-Prep: Kentucky Price $47


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

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


I. Kentucky Department of Financial Institutions (5%)

A. Regulatory authority
B. Department and agency structure
C. Responsibilities and limitations


II. Kentucky State Law and Regulation Definitions (10%)

A. Mortgage Licensing and Regulation Act
B. Other laws


III. Kentucky State License Law and Regulation (25%)

A. Persons required to be licensed or registered

1. In state
2. Out of state (non resident)
3. Exemptions

B. Licensee and registrant qualifications and application process

1. Financial responsibility (surety bond, 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 or registration

1. Criminal convictions
2. Previous revocation

D. License and registration 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. Content of a loan origination agreement
E. Usury

V. Disciplinary Action (10%)

A. Notifications, hearings, and appeals
B. Suspension, revocation, and rescission of licenses or registrations
C. Penalties and fines
D. Civil liability

Course State Exam Test-Prep: Kentucky Price $47


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