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Exam Review

Key Facts: OH MLO Exam

75%

Passing Score

NMLS

120 Q

SAFE MLO Test Questions (115 scored)

NMLS

24 hrs

Pre-License Education (incl. 4 hrs Ohio law)

NMLS

190 min

Test Time

NMLS

Ohio mortgage loan originators are licensed by the Division of Financial Institutions under the Ohio Residential Mortgage Lending Act (Ohio Revised Code Chapter 1322). There is no separate Ohio state test: applicants take the SAFE MLO National Test with Uniform State Content, 120 questions (115 scored) in 190 minutes, and need 75% or better. Pre-license education is 24 hours, including 4 hours of Ohio law.

Sample OH MLO Practice Questions

Try these sample questions to review concepts for the OH MLO exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 200+ question experience with AI tutoring.

1What is the primary regulatory agency overseeing mortgage loan originators in Ohio?
A.Ohio Department of Commerce
B.Ohio Division of Financial Institutions
C.Ohio Department of Insurance
D.Ohio Real Estate Commission
Explanation: The Ohio Division of Financial Institutions (DFI) is the primary state agency responsible for regulating and licensing mortgage loan originators in Ohio. The DFI operates under the Ohio Department of Commerce and enforces state mortgage lending laws. The Department of Insurance handles insurance matters, and there is no Ohio Real Estate Commission that regulates MLOs.
2How many hours of NMLS-approved pre-license education must an Ohio MLO candidate complete?
A.12 hours
B.16 hours
C.20 hours
D.24 hours
Explanation: Ohio MLO candidates must complete 20 hours of NMLS-approved pre-license education before taking the state licensing exam. This includes the federal component of 20 hours covering federal law and regulations, ethics, nontraditional lending, and an elective. Ohio follows the standard SAFE Act education requirements.
3Ohio is classified as what type of foreclosure state?
A.Non-judicial foreclosure only
B.Both judicial and non-judicial foreclosure
C.Judicial foreclosure only
D.Power of sale foreclosure
Explanation: Ohio is a judicial foreclosure state, meaning all foreclosures must go through the court system. The lender must file a lawsuit against the borrower and obtain a court order before a foreclosure sale can proceed. This provides borrowers with additional protections including the right to appear in court and contest the foreclosure.
4What is the minimum surety bond amount required for an Ohio mortgage loan originator?
A.$10,000
B.$25,000
C.$50,000
D.$100,000
Explanation: Ohio requires mortgage loan originators to maintain a minimum surety bond of $25,000. The surety bond serves as a financial guarantee to protect consumers against losses caused by the MLO's failure to comply with state laws and regulations. The bond amount may be higher depending on the volume of business conducted.
5Under Ohio law, what must a mortgage lender disclose to a borrower before closing?
A.Only the interest rate
B.The annual percentage rate and all loan terms
C.Only the monthly payment amount
D.Only the closing costs
Explanation: Ohio law requires mortgage lenders to provide borrowers with full disclosure of the annual percentage rate (APR) and all loan terms before closing. This includes the interest rate, fees, closing costs, monthly payments, and any other material terms. Ohio's disclosure requirements align with federal TILA requirements while adding state-specific consumer protection provisions.
6What continuing education requirement must Ohio MLOs meet annually?
A.4 hours including 1 hour of ethics
B.8 hours including 2 hours of ethics
C.8 hours including 1 hour of ethics
D.12 hours including 3 hours of ethics
Explanation: Ohio MLOs must complete 8 hours of NMLS-approved continuing education annually, which includes at least 2 hours of ethics training. This is consistent with the SAFE Act minimum requirements. The remaining hours cover federal law updates, nontraditional lending topics, and electives relevant to mortgage lending.
7Which of the following actions by an Ohio MLO would constitute predatory lending?
A.Offering a fixed-rate mortgage at market rates
B.Charging fees that are customary for the area
C.Repeatedly refinancing a loan without tangible benefit to the borrower
D.Providing required disclosures within the legal timeframe
Explanation: Repeatedly refinancing a loan without providing a tangible net benefit to the borrower is considered loan flipping, a form of predatory lending prohibited under Ohio law. This practice strips equity from the borrower through repeated fees and costs. Ohio's mortgage lending laws specifically prohibit practices that do not serve the borrower's interests.
8What is the purpose of the Ohio Residential Mortgage Lending Act (RMLA)?
A.To regulate commercial real estate lending only
B.To establish licensing requirements and consumer protections for residential mortgage lending
C.To set property tax rates for residential properties
D.To regulate real estate agent commissions
Explanation: The Ohio Residential Mortgage Lending Act (RMLA) establishes the licensing framework and consumer protection standards for residential mortgage lending in Ohio. It governs the activities of mortgage brokers, lenders, and loan originators, setting requirements for licensing, conduct, and borrower protections. The DFI enforces the RMLA provisions.
9An Ohio borrower discovers an error in their loan disclosure documents 2 days after closing. What right do they have?
A.No right to rescind since the loan is closed
B.Right to rescind within 3 business days of closing for certain transactions
C.Right to rescind within 30 days only
D.Right to rescind within 1 year regardless
Explanation: Under both federal law (TILA) and Ohio regulations, borrowers have the right to rescind certain mortgage transactions within 3 business days of closing. This right of rescission applies to refinance transactions and home equity loans on a borrower's primary residence, but not to purchase money mortgages. The borrower in this scenario is within the 3-day rescission window.
10What background check requirement must Ohio MLO applicants complete?
A.Only a state criminal background check
B.FBI criminal background check through fingerprinting
C.Only a credit check
D.No background check is required
Explanation: Ohio MLO applicants must undergo an FBI criminal background check through fingerprinting as part of the licensing process. This requirement is mandated by the SAFE Act and administered through NMLS. The fingerprints are submitted to the FBI for a nationwide criminal history check, which helps ensure that individuals with certain criminal backgrounds are not licensed as MLOs.

About the OH MLO Exam

Ohio mortgage loan originator candidates take the SAFE MLO National Test with Uniform State Content, the single NMLS test used for state MLO licenses; Ohio has no separate state component. The test covers federal mortgage laws, uniform state content, general mortgage knowledge, loan origination activities and ethics.

Exam sponsor: NMLS (SAFE MLO Test, delivered by Prometric); license by the Ohio Division of Financial Institutions. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Questions

120 questions

Time Limit

190 minutes

Passing Score

75%

Exam / Certification Fees

$110

Exam sponsor website

Reported exam pass rate: 53%. NMLS first-time pass rate for the SAFE MLO Test as of December 31, 2024 This describes exam candidates, not OpenExamPrep users or results from using our resources. Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

24%

Federal Mortgage Related Laws

RESPA (Regulation X), ECOA (Regulation B), TILA (Regulation Z) including HOEPA, higher-priced loans, MLO compensation and TRID, plus HMDA, FCRA/FACTA, BSA/AML, GLBA, the E-Sign Act and the Homeowners Protection Act

11%

Uniform State Content

SAFE Act and the CSBS/AARMR Model State Law: state regulator powers, who must be licensed, license qualifications and maintenance, NMLS requirements, prohibited and required conduct, and advertising

20%

General Mortgage Knowledge

Qualified and non-qualified mortgage programs (conventional, FHA, VA, USDA, jumbo), loan products such as ARMs, balloon, reverse and HELOC loans, and common mortgage terms

27%

Mortgage Loan Origination Activities

Application and disclosure requirements, tolerances and Loan Estimate timing, qualification and underwriting (ratios, ability to repay, appraisals, title, insurance), closing, and financial calculations

18%

Ethics

Prohibited acts, fair lending, fraud detection, advertising, unfair, deceptive or abusive acts, predatory lending and steering, and ethical conduct in loan origination

Preparing for the OH MLO Exam

What You Need to Know

  • Passing score: 75%
  • Exam length: 120 questions
  • Time limit: 190 minutes
  • Exam / certification fees: $110 Official sources

Using Our Practice Resources

  • Work through all 200 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

OH MLO: Suggested Study Strategy

1Weight your study by the NMLS outline: origination activities 27%, federal mortgage laws 24%, general mortgage knowledge 20%, ethics 18% and uniform state content 11%
2Know TRID timing: the Loan Estimate is due by the third business day after application, and the Closing Disclosure must arrive at least three business days before consummation
3Learn the SAFE Act licensing rules tested as uniform state content: NMLS unique identifiers, pre-license and continuing education, and grounds for denying a license
4Complete the 4 hours of Ohio Residential Mortgage Lending Act instruction within your 24 pre-license hours; Ohio law is taught there, not tested on a separate state exam
5Practice the outline's financial calculations: periodic interest, monthly payments, down payments, closing costs and ARM adjustments

Frequently Asked Questions

What is the Ohio MLO exam?

Ohio has no separate state MLO exam. Applicants for an Ohio mortgage loan originator license take the SAFE MLO National Test with Uniform State Content, developed by NMLS and delivered by Prometric, and the Ohio Division of Financial Institutions issues the license through NMLS.

How many questions are on the Ohio MLO state exam?

There is no separate Ohio state exam. The SAFE MLO National Test with Uniform State Content has 120 multiple-choice questions (115 scored and 5 unscored) with a 190-minute time limit, and candidates need 75% or better to pass.

What Ohio-specific topics should I study?

The SAFE MLO Test has no Ohio-only questions; its Uniform State Content section (11%) covers the SAFE Act and the CSBS/AARMR Model State Law. Ohio law is taught in 4 of the 24 required pre-license education hours, which cover the Ohio Residential Mortgage Lending Act.

What are the Ohio MLO license requirements?

Ohio requires 24 hours of NMLS-approved pre-license education, including 4 hours of Ohio Residential Mortgage Lending Act law, a score of 75% or better on the SAFE MLO Test, an FBI fingerprint background check, and a license application through NMLS. Licensed MLOs complete at least 8 hours of NMLS-approved continuing education each year.