CT MLO study guide
CT MLO · Work through your exam, one topic at a time.
The Connecticut Mortgage Loan Originator (MLO) license is a state credential required for individuals who take residential mortgage loan applications in Connecticut. It is issued by the Connecticut Department of Banking and is typically obtained through the Nationwide Multistate Licensing System (NMLS). The CT MLO study guide has 5 sections and about 1,885 words.
01Federal Mortgage-Related Laws and Regulations
Federal Mortgage-Related Laws and Regulations covers the federal rules an MLO applies at application, disclosure, underwriting, closing, and servicing. Expect questions on RESPA/Regulation X, TILA/Regulation Z and TRID, ECOA/Regulation B, HMDA/Regulation C, the Fair Housing Act, SAFE Act licensing, FCRA, GLBA privacy, flood insurance, and HOEPA/QM/ATR.
391 words, about 2 min02General Mortgage Knowledge
General Mortgage Knowledge tests the vocabulary and math behind loan products, property valuation, title, insurance, underwriting, and servicing. Questions ask you to compute LTV/CLTV and DTI, distinguish loan programs, read amortization and escrow figures, and identify which document or insurance protects which party.
353 words, about 2 min03Mortgage Loan Origination Activities
Mortgage Loan Origination Activities covers the workflow from lead to funded loan: application, disclosures, processing, verification, appraisal, underwriting, closing, funding, and shipping. The exam tests who does what, which disclosure is due when, how changed circumstances affect redisclosure, and how to prevent fraud and data errors.
380 words, about 2 min04Ethics
Ethics tests how an MLO behaves when a lawful but profitable action conflicts with the borrower's interest, the lender's integrity, or fair lending. Expect scenarios on fraud, misrepresentation, referral compensation, steering, privacy, and handling errors.
371 words, about 2 min05Connecticut State-Specific Mortgage Laws and Regulations
Connecticut State-Specific Mortgage Laws and Regulations tests the rules layered on top of federal law for Connecticut properties and borrowers. Expect licensing through NMLS, the Connecticut Department of Banking's mortgage lender/broker/originator framework, high-cost and nonprime home-loan protections, fair housing enforcement, and foreclosure mediation.
390 words, about 2 min