100+ Free AK MLO Practice Questions
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Key Facts: AK MLO Exam
75%
Passing Score
NMLS
55 Q
State Exam Questions
NMLS UST
20 hrs
Pre-License Education
Alaska DCCED
$50,000
Surety Bond
Alaska
The Alaska MLO state exam covers Alaska-specific mortgage laws administered by the Division of Banking & Securities within the Department of Commerce, Community, and Economic Development. Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in Alaska. Alaska primarily uses non-judicial foreclosure through deeds of trust, and the state requires a $50,000 surety bond for mortgage licensees.
About the AK MLO Exam
The Alaska MLO state exam tests knowledge of Alaska-specific mortgage laws, licensing requirements, and consumer protection regulations. This exam is taken alongside the national NMLS SAFE exam component.
Questions
55 scored questions
Time Limit
1 hour 30 minutes
Passing Score
75%
Exam Fee
$110 (Alaska Division of Banking & Securities)
AK MLO Exam Content Outline
Alaska Licensing Requirements
State-specific education, renewal, and licensing requirements
Alaska Mortgage Law
State mortgage statutes, usury laws, and lending regulations
Consumer Protection
State disclosure requirements, borrower rights, fair lending
Regulatory Authority
Alaska Division of Banking & Securities oversight, enforcement, and compliance
Foreclosure Procedures
Alaska-specific foreclosure process, timelines, and remedies
How to Pass the AK MLO Exam
What You Need to Know
- Passing score: 75%
- Exam length: 55 questions
- Time limit: 1 hour 30 minutes
- Exam fee: $110
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
AK MLO Study Tips from Top Performers
Frequently Asked Questions
What is the Alaska MLO exam?
The Alaska MLO exam is the state-specific component of the NMLS licensing test. It covers Alaska mortgage laws, licensing requirements administered by the Division of Banking & Securities, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam to originate mortgages in Alaska.
How many questions are on the Alaska MLO state exam?
The Alaska MLO state exam has 55 questions with a 1 hour 30 minute time limit. You need a score of 75% (approximately 41 correct answers) to pass. The exam is administered through NMLS at Prometric testing centers.
What Alaska-specific topics should I study?
Focus on the Alaska Prior Authorization Mortgage Lending Act (AS 06.60), Alaska's non-judicial foreclosure process using deeds of trust, the Division of Banking & Securities' enforcement authority, Alaska's usury laws, and the $50,000 surety bond requirement for mortgage licensees.
What are the Alaska MLO license requirements?
Alaska requires 20 hours of NMLS-approved pre-license education, passing both the national and state NMLS exams, a criminal background check and credit report, a $50,000 surety bond for mortgage licensees, and registration through NMLS. Licenses must be renewed annually.