Career upgrade: Learn practical AI skills for better jobs and higher pay.
Level up
PracticeVideosBlogFlashcardsEspañol
All Practice Exams

200+ Free AK MLO Practice Questions

Pass your Alaska Mortgage Loan Originator Exam exam on the first try — instant access, no signup required.

✓ No registration✓ No credit card✓ No hidden fees✓ Start practicing immediately
65-70% Pass Rate
200+ Questions
100% Free
1 / 200
Question 1
Score: 0/0

How many hours of NMLS-approved pre-licensing education are required before applying for an MLO license?

A
B
C
D
to track
Same family resources

Explore More Mortgage Loan Originator

Continue into nearby exams from the same family. Each card keeps practice questions, study guides, flashcards, videos, and articles in one place.

NMLS SAFE MLO

Practice QuestionsStudy GuideCheat SheetFlashcards
6 videos6 blogs

Alabama Mortgage Loan Originator

Practice QuestionsNational Study GuideFlashcards
6 videos6 blogs

Arizona Mortgage Loan Originator

Practice QuestionsNational Study GuideFlashcards
6 videos6 blogs

Arkansas Mortgage Loan Originator

Practice QuestionsNational Study GuideFlashcards
6 videos6 blogs

California Mortgage Loan Originator

Practice QuestionsNational Study GuideFlashcards
6 videos6 blogs

Colorado Mortgage Loan Originator

Practice QuestionsNational Study GuideFlashcards
6 videos6 blogs

More From This Family

Videos and articles for deeper review.

VideoAfter Passing NMLS: 7 Steps to Your MLO License (2026)VideoFailed the NMLS Exam? Your 30-Day Retake Recovery Plan (2026)VideoFREE NMLS MLO Exam Guide 2026: Pass the SAFE TestVideoFree Real Estate Exam Podcast (2026): Salesperson & Broker License Audio Study GuideArticleAfter Passing NMLS: 7 Steps to Your MLO License (2026)13 min readArticleFailed the NMLS Exam? Your 30-Day Retake Recovery Plan (2026)14 min readArticleFREE NMLS MLO Exam Guide 2026: Pass the SAFE Test12 min readArticleFree Real Estate Exam Podcast (2026): Salesperson & Broker License Audio Study Guide8 min read
2026 Statistics

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.

Sample AK MLO Practice Questions

Try these sample questions to test your AK MLO exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1Which agency regulates mortgage loan originators in Alaska?
A.Alaska Real Estate Commission
B.Alaska Division of Banking & Securities
C.Alaska Department of Revenue
D.Alaska Housing Finance Corporation
Explanation: The Alaska Division of Banking & Securities, a division within the Alaska Department of Commerce, Community, and Economic Development, is the regulatory authority for mortgage loan originators in the state. This division administers the Alaska SAFE Act and oversees licensing, examinations, and enforcement actions related to mortgage lending activities.
2Alaska primarily uses which type of foreclosure process?
A.Judicial foreclosure only
B.Non-judicial foreclosure (deed of trust)
C.Strict foreclosure
D.Administrative foreclosure
Explanation: Alaska primarily uses non-judicial foreclosure through the deed of trust process. Under Alaska Statute Section 34.20.070, when a borrower defaults, the trustee can initiate foreclosure without court involvement by following the statutory notice and sale procedures. This is generally faster and less expensive than judicial foreclosure. Alaska also allows judicial foreclosure, but the deed of trust process is the standard method.
3How many hours of NMLS-approved pre-licensing education must an Alaska MLO applicant complete?
A.10 hours
B.15 hours
C.20 hours
D.30 hours
Explanation: Alaska requires MLO applicants to complete 20 hours of NMLS-approved pre-licensing education, which includes 3 hours of federal law, 3 hours of ethics (including fraud, consumer protection, and fair lending), 2 hours of non-traditional mortgage lending, and 12 hours of electives. This requirement aligns with the minimum federal SAFE Act standards that all states must meet.
4Under Alaska's non-judicial foreclosure process, what is the minimum notice period the trustee must provide before the foreclosure sale?
A.15 days
B.30 days
C.90 days (3 months)
D.120 days (4 months)
Explanation: Under Alaska Statute Section 34.20.070, the trustee must record a notice of default and provide at least 90 days (approximately 3 months) of notice before conducting a non-judicial foreclosure sale. The notice must be recorded in the district where the property is located, mailed to the borrower, and published in a newspaper. This 90-day period gives borrowers time to cure the default or explore alternatives.
5What is the passing score for the Alaska state component of the MLO exam?
A.65%
B.70%
C.75%
D.80%
Explanation: The passing score for the Alaska state MLO exam component is 75%. Candidates must correctly answer at least 75% of the state-specific questions, which test knowledge of Alaska mortgage laws, regulations, and licensing requirements. Those who fail may retake the exam after a 30-day waiting period. After three consecutive failures, a 2-year waiting period applies.
6Under Alaska law, what security instrument is commonly used in residential mortgage transactions?
A.A mortgage deed only
B.A deed of trust with a trustee, trustor, and beneficiary
C.A land contract only
D.A verbal agreement
Explanation: Alaska commonly uses a deed of trust as the security instrument in residential mortgage transactions. A deed of trust involves three parties: the trustor (borrower) who conveys legal title to the trustee (a neutral third party), who holds it for the benefit of the beneficiary (lender). This three-party structure enables the non-judicial foreclosure process, as the trustee has the power of sale if the borrower defaults.
7What annual continuing education requirement must Alaska MLOs complete?
A.4 hours
B.8 hours
C.12 hours
D.16 hours
Explanation: Alaska MLOs must complete 8 hours of NMLS-approved continuing education annually, including 3 hours of federal law and regulations, 2 hours of ethics (including fraud, consumer protection, and fair lending), 2 hours of non-traditional mortgage lending, and 1 hour of elective content. These courses must be completed before the December 31 license renewal deadline.
8In Alaska's non-judicial foreclosure process, does the borrower have a statutory right of redemption after the sale?
A.Yes, a 12-month redemption period
B.Yes, a 6-month redemption period
C.No, Alaska does not provide a statutory right of redemption after a non-judicial foreclosure sale
D.Yes, a 30-day redemption period
Explanation: Alaska does not provide a statutory right of redemption after a non-judicial foreclosure sale conducted under the deed of trust process. Once the trustee's sale is completed and the trustee's deed is delivered to the purchaser, the sale is final. However, for judicial foreclosures in Alaska, a 12-month redemption period applies under Alaska Statute Section 09.35.250. This distinction makes the non-judicial process more final for borrowers.
9What background check requirements must Alaska MLO applicants satisfy?
A.Only a state criminal background check
B.FBI criminal background check through fingerprinting and authorization for a credit report
C.A background check conducted by their employer
D.No background check is required in Alaska
Explanation: Alaska MLO applicants must undergo an FBI criminal background check through fingerprint submission via NMLS and authorize a credit report review. These checks screen for felony convictions, financial crimes, and other disqualifying offenses. The credit report assesses the applicant's financial responsibility. These requirements are mandated by the SAFE Act and administered through the NMLS platform.
10Under Alaska Statute Section 34.20.070, what must the trustee do before conducting a non-judicial foreclosure sale?
A.Only notify the borrower verbally
B.Record a notice of default, mail notice to the borrower, and publish notice in a newspaper of general circulation
C.Post a notice on social media
D.File a lawsuit in superior court
Explanation: Under Alaska Statute Section 34.20.070, the trustee must record a notice of default in the recording district where the property is located, mail a copy to the borrower at their last known address, and publish the notice of sale in a newspaper of general circulation in the judicial district. These notice requirements ensure the borrower and public are informed of the pending foreclosure action and the scheduled sale date.

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

25%

Alaska Licensing Requirements

State-specific education, renewal, and licensing requirements

25%

Alaska Mortgage Law

State mortgage statutes, usury laws, and lending regulations

20%

Consumer Protection

State disclosure requirements, borrower rights, fair lending

15%

Regulatory Authority

Alaska Division of Banking & Securities oversight, enforcement, and compliance

15%

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

1Study the Alaska Prior Authorization Mortgage Lending Act (AS 06.60) — it is the primary state mortgage law tested on the exam
2Understand Alaska's non-judicial foreclosure process using deeds of trust, including the 3-month notice period and power-of-sale procedures
3Know Alaska's $50,000 surety bond requirement for mortgage licensees and how it protects consumers
4Review Alaska's unique consumer protections including the right to cure default and required pre-foreclosure notices
5Study the Division of Banking & Securities' enforcement powers including license suspension, civil penalties, and investigation authority

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.