State Exam Test Prep: Mississippi

Course State Exam Test Prep: Mississippi


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

This course is designed to prepare you to pass the NMLS Mississippi 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
Mississippi Content Outline
(50 scored test questions; 10 unscored test questions)
I. Mississippi Department of Banking and Consumer Finance (5% = 2-3 scored
A. Regulatory authority
B. Department/agency structure
C. Responsibilities and limitations
II. Mississippi Law and Regulation Definitions (10% = 5 scored questions)
A. Mississippi SAFE Mortgage Licensing Act of 2009
B. Mississippi SAFE Mortgage Licensing Act of 2009 Regulations
C. Other State Law and Regulation Definitions
III. Mississippi License Law and Regulation (20% = 10 scored questions)
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% = 25 scored questions)
A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising
V. Disciplinary Action (15% = 7-8 scored questions)

Course State Exam Test Prep: Mississippi


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