ID MLO study plan

Map the federal origination framework by statute and regulation: name the governing act behind each of RESPA, TILA, ECOA, HMDA, and SAFE, and state what each one requires of an originator

Outline Regulation Z disclosure timing rules for a closed-end residential mortgage, listing which disclosures are delivered at application, before consummation, and at closing

Distinguish the loan originator definition under Regulation Z from the SAFE Act definition, and list who must be licensed or registered

Build a one-page comparison of ability-to-repay general standards versus the qualified mortgage categories, including the price-based and rebuttable-presumption boundaries

Apply Regulation B adverse action notice requirements to three written fact patterns, identifying the notice deadline, permissible reasons, and prohibited basis pitfalls

Explain the rescission rules under Regulation Z for a refinance and a home equity line, including when the three-day period starts and what cancels it

Trace the escrow account rules under Regulation X for establishing, analyzing, and cushioning a borrower escrow account

Identify the anti-steering and loan originator compensation limits under Regulation Z and describe a compliant pay structure

List every document in a complete application file and state the federal rule that makes each one necessary

Sequence the origination workflow from inquiry to funding, naming the handoff and the federal disclosure tied to each stage

Calculate the figures reported on the Loan Estimate and the Closing Disclosure, including the tolerance categories for each fee

Describe the redisclosure and changed-circumstance rules that permit a revised Loan Estimate

Evaluate a self-employed borrower's income using tax returns and a profit and loss statement, and document the calculation method used

Compute housing and total debt-to-income ratios for three scenarios and identify which compensating factors would support approval

Interpret an appraisal and a title report, flagging the defects that require resolution before closing

Assemble a closing package checklist that satisfies federal disclosure and settlement requirements

Identify the Idaho regulator that licenses mortgage loan originators and describe the licensing application and renewal steps, including education and testing requirements

Summarize Idaho rules on advertising, records retention, and the handling of borrower funds by a licensed entity

Explain Idaho disciplinary and enforcement procedures, including grounds for license denial or revocation

Compare Idaho-specific requirements against the federal baseline and note where Idaho adds obligations

Define mortgage fraud in its Idaho and federal forms, distinguishing fraud for property from fraud for profit, and list the common schemes in each

Apply red flag indicators to three loan files and write the escalation steps a licensee should take on each

Describe consumer protection duties in Idaho, including fair lending and the treatment of vulnerable borrowers

Outline the ethical obligations around conflicts of interest, referrals, and undisclosed compensation

Identify the federal consumer protection statutes that overlap with ethics duties and state the remedy available under each

Analyze case-style scenarios for unfair, deceptive, or abusive acts and practices and name the violation

Explain how identity theft and data security obligations apply to an origination file

Revisit the federal laws missed on earlier quizzes and correct each error with a written explanation

Complete two full-length timed practice exams under exam conditions and score each by domain

Review every missed item and trace it to the governing statute, regulation, or Idaho rule

Rehearse the highest-yield calculations: DTI, escrow cushion, tolerance cure, and rescission timing

Finalize a one-page quick-reference sheet of deadlines, thresholds, and disclosure triggers to review on exam day