100+ Free OR MLO Practice Questions
Pass your Oregon Mortgage Loan Originator Exam exam on the first try — instant access, no signup required.
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Key Facts: OR MLO Exam
75%
Passing Score
NMLS
55 Q
State Exam Questions
NMLS UST
120 days
Foreclosure Notice Period
Trust Deed Act
$25,000
Surety Bond Minimum
Oregon
The Oregon MLO state exam covers Oregon-specific mortgage laws administered by the Division of Financial Regulation. Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in Oregon. Oregon primarily uses non-judicial foreclosure through the Trust Deed Act, features no post-sale redemption period, and has anti-deficiency protections. The Foreclosure Avoidance Program requires resolution conferences for owner-occupied properties.
About the OR MLO Exam
The Oregon MLO state exam tests knowledge of Oregon-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 (Oregon Division of Financial Regulation (DFR))
OR MLO Exam Content Outline
Oregon Licensing Requirements
State-specific education, renewal, surety bond, and licensing requirements
Oregon Mortgage Law
Trust Deed Act, usury laws, trust accounts, and lending regulations
Consumer Protection
State disclosure requirements, borrower rights, fair lending, UTPA
Regulatory Authority
DFR oversight, enforcement actions, examination authority, and compliance
Foreclosure Procedures
Oregon Trust Deed Act foreclosure, Foreclosure Avoidance Program, and timelines
How to Pass the OR 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
OR MLO Study Tips from Top Performers
Frequently Asked Questions
What is the Oregon MLO exam?
The Oregon MLO exam is the state-specific component of the NMLS licensing test. It covers Oregon mortgage laws, licensing requirements administered by the Division of Financial Regulation, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam.
How many questions are on the Oregon MLO state exam?
The Oregon MLO state exam has 55 questions with a 1 hour 30 minute time limit. You need 75% (approximately 41 correct) to pass. The exam is administered through NMLS at Prometric testing centers.
What Oregon-specific topics should I study?
Focus on the Oregon Trust Deed Act and non-judicial foreclosure process, the Foreclosure Avoidance Program, anti-deficiency protections, DFR enforcement authority, Oregon's broader protected classes in fair lending, and the UTPA's application to mortgage lending.
What are the Oregon MLO license requirements?
Oregon requires 20 hours of NMLS-approved pre-license education including 3 hours of Oregon-specific content, passing scores on both the national and state exams, FBI fingerprint background check, a minimum surety bond of $25,000, and license application through NMLS. Renewal requires 8 hours of annual continuing education.