State Exam Test Prep: Pennsylvania

Course State Exam Test Prep: Pennsylvania
$59
$47

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

This course is designed to prepare you to pass the NMLS Pennsylvania 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
Pennsylvania State Component
Content Outline
55 scored test questions; 10 unscored test question

I. Pennsylvania Department of Banking (5%)

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

 

II. State Law and Regulation Definitions (10%)

 

III. License Law and Regulation (15%)

A. Persons or entities required to be licensed

1. Loan originators
2. License companies
3. Exemptions

B. Licensee qualifications and application process

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

C. Grounds for denying 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 (60%)

A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising
F. Other (loan modification, etc.)

 

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: Pennsylvania
$59
$47

Leave a Reply

Your email address will not be published. Required fields are marked *