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2026 Statistics

Key Facts: MI MLO Exam

75%

Passing Score

NMLS

55 Q

State Exam Questions

NMLS UST

20 hrs

Pre-License Education

MI DIFS

6 months

Redemption Period

Michigan

The Michigan MLO state exam covers Michigan-specific mortgage laws administered by the Department of Insurance and Financial Services (DIFS). Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in Michigan. Michigan is primarily a non-judicial foreclosure state using foreclosure by advertisement, though judicial foreclosure is also available. The state has a 6-month statutory redemption period after foreclosure sale and strong consumer protections under Michigan lending laws.

About the MI MLO Exam

The Michigan MLO state exam tests knowledge of Michigan-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 (Michigan Department of Insurance and Financial Services (DIFS))

MI MLO Exam Content Outline

25%

Michigan Licensing Requirements

State-specific education, renewal, and licensing requirements

25%

Michigan Mortgage Law

State mortgage statutes, usury laws, and lending regulations

20%

Consumer Protection

State disclosure requirements, borrower rights, fair lending

15%

Regulatory Authority

DIFS oversight, enforcement, and compliance

15%

Foreclosure Procedures

Michigan-specific non-judicial foreclosure by advertisement, timelines, and remedies

How to Pass the MI 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

MI MLO Study Tips from Top Performers

1Master Michigan's foreclosure by advertisement process, including the publication requirements, the 6-month statutory redemption period, and the conditions that can extend redemption to 12 months
2Study the Michigan Mortgage Brokers, Lenders, and Servicers Licensing Act, especially prohibited practices and the DIFS enforcement powers
3Know the DIFS authority to examine licensees, issue cease and desist orders, impose fines, and revoke or suspend licenses for violations
4Understand Michigan's consumer protections including the Borrowers and Lenders Act, disclosure requirements, and anti-predatory lending provisions
5Review Michigan's surety bond requirements for mortgage licensees and the trust account requirements for handling borrower funds

Frequently Asked Questions

What is the Michigan MLO exam?

The Michigan MLO exam is the state-specific component of the NMLS licensing test. It covers Michigan mortgage laws, licensing requirements administered by DIFS, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam to originate mortgages in Michigan.

How many questions are on the Michigan MLO state exam?

The Michigan 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 Michigan-specific topics should I study?

Focus on Michigan's non-judicial foreclosure by advertisement process, the 6-month statutory redemption period, DIFS enforcement authority, the Michigan Mortgage Brokers and Lenders Licensing Act, and the state's consumer protection and anti-predatory lending provisions.

What are the Michigan MLO license requirements?

Michigan requires 20 hours of NMLS-approved pre-license education, passing both the national and state NMLS exams, a criminal background check and credit report through NMLS, and registration through NMLS with employer sponsorship. Michigan does not require additional state-specific pre-license education hours beyond the federal 20-hour requirement.