ID MLO study guide
ID MLO · Work through your exam, one topic at a time.
The Idaho Mortgage Loan Originator (MLO) license is a state credential for individuals who originate residential mortgage loans in Idaho. Licensing runs through the Nationwide Multistate Licensing System (NMLS), the system that handles individual licensing, education, and testing, and the Idaho Department of Finance oversees mortgage loan originators and mortgage servicing in the state. Candidates should treat NMLS and the Department of Finance as the authoritative sources for current requirements and forms rather than relying on secondhand summaries. The exam is delivered in multiple-choice format. Topics on this exam: Federal mortgage loan origination law and regulation, Mortgage loan origination activities, including application, processing, underwriting, closing, and servicing, Idaho state mortgage law and regulation, and Ethics, including fraud and consumer protection. The ID MLO study guide has 4 sections and about 1,210 words.
01Federal Mortgage Loan Origination Law and Regulation
This domain tests the federal statutes and implementing regulations that govern a residential mortgage loan from application through servicing. Expect questions on TILA/Reg Z, RESPA/Reg X, TRID, ECOA/Reg B, HMDA, SAFE Act licensing, and ability-to-repay/qualified mortgage rules.
327 words, about 2 min02Mortgage Loan Origination Activities
This domain covers the workflow: application, processing, underwriting, closing, and servicing. Questions test sequencing, disclosure triggers, verification standards, and servicing transfer rules.
303 words, about 2 min03Idaho State Mortgage Law and Regulation
This domain tests Idaho-specific licensing and conduct rules for mortgage loan originators and entities, plus state foreclosure and consumer protection law. The Idaho Residential Mortgage Practices Act, Idaho Code Title 26, Chapter 31, is administered by the Idaho Department of Finance.
304 words, about 2 min04Ethics, Including Fraud and Consumer Protection
This domain tests integrity in origination: fraud detection and reporting, fair lending, privacy, and consumer protection. Expect scenario questions on occupancy fraud, document alteration, kickbacks, steering, and elder abuse.
276 words, about 1 min