100+ Free SD MLO Practice Questions
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Key Facts: SD MLO Exam
75%
Passing Score
NMLS
55 Q
State Exam Questions
NMLS UST
20 hrs
Pre-License Education
SD Division of Banking
$25,000
Surety Bond
South Dakota
The South Dakota MLO state exam covers state-specific mortgage laws administered by the SD Division of Banking. Combined with the national NMLS SAFE exam, candidates must pass both components to originate mortgages in South Dakota. South Dakota is a non-judicial foreclosure state, primarily using a power-of-sale process. The state requires a surety bond and compliance with the South Dakota Mortgage Lending Practices Act.
About the SD MLO Exam
The South Dakota MLO state exam tests knowledge of South Dakota-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 (SD Division of Banking)
SD MLO Exam Content Outline
SD Licensing Requirements
State-specific education, renewal, and licensing requirements
SD Mortgage Law
State mortgage statutes, usury laws, and lending regulations
Consumer Protection
State disclosure requirements, borrower rights, fair lending
Regulatory Authority
SD Division of Banking oversight, enforcement, and compliance
Foreclosure Procedures
South Dakota-specific foreclosure process, timelines, and remedies
How to Pass the SD 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
SD MLO Study Tips from Top Performers
Frequently Asked Questions
What is the South Dakota MLO exam?
The South Dakota MLO exam is the state-specific component of the NMLS licensing test. It covers South Dakota mortgage laws, licensing requirements administered by the SD Division of Banking, and state consumer protection regulations. You must pass both this state exam and the national SAFE exam to originate mortgages in South Dakota.
How many questions are on the SD MLO state exam?
The South Dakota 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 South Dakota-specific topics should I study?
Focus on the South Dakota Mortgage Lending Practices Act, the non-judicial foreclosure process via power of sale, the SD Division of Banking's regulatory authority, South Dakota's interest rate and usury provisions, surety bond requirements, and consumer protection disclosures required for mortgage transactions.
What are the SD MLO license requirements?
South Dakota requires 20 hours of NMLS-approved pre-license education, passing both the national and state NMLS exams, a criminal background check and credit report, a surety bond, and registration through NMLS. Renewal requires annual continuing education including South Dakota-specific hours.