100+ Free MN MLO Practice Questions
Pass your Minnesota Mortgage Loan Originator Exam exam on the first try — instant access, no signup required.
Loading questions...
Key Facts: MN MLO Exam
75%
Passing Score
NMLS
55 Q
State Exam Questions
NMLS UST
20 hrs
Pre-License Education
MN Dept of Commerce
6 months
Redemption Period
Minnesota
The Minnesota MLO state exam covers Minnesota-specific mortgage laws administered by the Department of Commerce. Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in Minnesota. Minnesota is primarily a non-judicial foreclosure state using foreclosure by advertisement, with a 6-month statutory redemption period. The state has strong consumer protections under the Minnesota Residential Mortgage Originator and Servicer Licensing Act and the Minnesota Predatory Lending Act.
About the MN MLO Exam
The Minnesota MLO state exam tests knowledge of Minnesota-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 (Minnesota Department of Commerce)
MN MLO Exam Content Outline
Minnesota Licensing Requirements
State-specific education, renewal, and licensing requirements
Minnesota Mortgage Law
State mortgage statutes, usury laws, and lending regulations
Consumer Protection
State disclosure requirements, borrower rights, fair lending
Regulatory Authority
Department of Commerce oversight, enforcement, and compliance
Foreclosure Procedures
Minnesota-specific non-judicial foreclosure by advertisement, timelines, and remedies
How to Pass the MN 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
MN MLO Study Tips from Top Performers
Frequently Asked Questions
What is the Minnesota MLO exam?
The Minnesota MLO exam is the state-specific component of the NMLS licensing test. It covers Minnesota mortgage laws, licensing requirements administered by the Department of Commerce, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam to originate mortgages in Minnesota.
How many questions are on the Minnesota MLO state exam?
The Minnesota 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 Minnesota-specific topics should I study?
Focus on Minnesota's non-judicial foreclosure by advertisement process, the 6-month statutory redemption period, the Department of Commerce's regulatory authority, the Minnesota Residential Mortgage Originator and Servicer Licensing Act, and the Minnesota Predatory Lending Act.
What are the Minnesota MLO license requirements?
Minnesota 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. Minnesota does not require additional state-specific pre-license education hours beyond the federal 20-hour requirement.