SAFE Mortgage Loan Originator Test
State Component
OHIO Content Outline

(55 scored test questions; 10 unscored test questions)

Below is the most 5/4/10 posting from NMLS regarding test content for the Ohio specific loan officer test.

I. Ohio Division of Financial Institutions (5%)

A. Ohio Division of Financial Institutions
B. Department/agency structure – Superintendent’s Office
C. Responsibilities and limitations

II. Ohio Law and Regulation Definitions (15%)

A. Mortgage Broker Act
B. Mortgage Loan Act
C. Homeowners Equity Protection Act
D. Consumer Sales Practices Act
E. Other Ohio Law and Regulation Definitions

III. License Law and Regulation (20%)

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%)

A. Prohibited conduct and practices
B. Required conduct
C. Fees and charges
D. Disclosures and agreements
E. Advertising
F. Special account requirements
Last Updated: 5/4/2010

V. Disciplinary Action (10%)

A. Notifications, hearings, and appeals
B. Suspension, revocation of licenses
C. Penalties/fines
D. Civil and criminal liability

Ohio State Test Component Reference List

A number of references and resources are used to develop the SAFE Mortgage Loan Originator Test. The following list is intended to be used as a guide to help candidates prepare for the test component; however, it is not intended to be an all-inclusive list.

• Mortgage Broker Act, ORC 1322.01 – 1322.12 and 1322.99
http://codes.ohio.gov/orc/1322

• Mortgage Loan Act, ORC 1321.51 – 1321.60 and 1321.99
http://codes.ohio.gov/orc/1321

• Homeowners Equity Protection Act, ORC 1349.25 – 1349.72
http://codes.ohio.gov/orc/1349

• Consumer Sales Practices Act, ORC 1345.
http://codes.ohio.gov/orc/1345