100+ Free RI MLO Practice Questions
Pass your Rhode Island Mortgage Loan Originator Exam exam on the first try — instant access, no signup required.
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Key Facts: RI MLO Exam
75%
Passing Score
NMLS
55 Q
State Exam Questions
NMLS UST
20 days
Foreclosure Notice Minimum
Rhode Island
$25,000
Surety Bond Minimum
Rhode Island
The Rhode Island MLO state exam covers Rhode Island-specific mortgage laws administered by the Division of Banking. Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in Rhode Island. Rhode Island is a non-judicial foreclosure state using power of sale, has no post-sale redemption period, and features the Home Loan Protection Act for high-cost loans. Rhode Island's fair lending protections include sexual orientation and gender identity.
About the RI MLO Exam
The Rhode Island MLO state exam tests knowledge of Rhode Island-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 (Rhode Island Division of Banking)
RI MLO Exam Content Outline
Rhode Island Licensing Requirements
State-specific education, renewal, surety bond, and licensing requirements
Rhode Island Mortgage Law
Loan Broker Act, Home Loan Protection Act, usury laws, and lending regulations
Consumer Protection
State disclosure requirements, borrower rights, fair lending with broad protections
Regulatory Authority
Division of Banking oversight, enforcement, examination, and compliance
Foreclosure Procedures
Power of sale foreclosure, notice requirements, and borrower remedies
How to Pass the RI 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
RI MLO Study Tips from Top Performers
Frequently Asked Questions
What is the Rhode Island MLO exam?
The Rhode Island MLO exam is the state-specific component of the NMLS licensing test. It covers Rhode Island mortgage laws, licensing requirements administered by the Division of Banking, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam.
How many questions are on the Rhode Island MLO state exam?
The Rhode Island 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 Rhode Island-specific topics should I study?
Focus on the power of sale non-judicial foreclosure process, the Home Loan Protection Act for high-cost loans, the Division of Banking's enforcement authority, Rhode Island's broad fair lending protections including sexual orientation, and the Loan Broker Act licensing framework.
What are the Rhode Island MLO license requirements?
Rhode Island requires 20 hours of NMLS-approved pre-license education including 3 hours of Rhode Island-specific content, passing scores on both exams, FBI fingerprint background check, a minimum surety bond of $25,000, and license application through NMLS. Annual renewal requires 8 hours of CE.