NC MLO study plan

Map the RESPA servicing and escrow provisions to real origination files, writing a one-page outline of Section 6, 8, 9, 10, and 35 triggers

Distinguish the disclosure timing rules under TILA/RESPA integrated disclosures by building a timeline chart from application through consummation

Explain the right of rescission rules (3-day, exemptions, waivers) in writing without notes, then check against the regulation text

Draft 15 flashcards covering APR, finance charge, and tolerance categories (zero, 10 percent, unlimited)

Summarize ECOA and Regulation B adverse action, notification, and appraisal copy requirements into a compliance checklist

Compare HMDA reportable data fields and thresholds and list which loan types are exempt

Outline Fair Housing Act prohibited bases and the disparate impact standard using a written example for each protected class

Explain GLBA privacy notice and safeguards duties in a short written summary distinguishing consumer from customer

Describe the Commissioner of Banks authority over mortgage licensees, including examination, investigation, and enforcement powers, in a written summary

Trace the license application, renewal, and surrender process for a North Carolina mortgage loan originator and list every required document

Identify the surety bond and net worth requirements applicable to licensees and note which apply to individuals versus entities

Explain the relationship between the SAFE Act, NMLS registration, and North Carolina state licensing in a comparison table

Recite the SAFE Act core definitions (loan originator, mortgage loan originator, residential mortgage loan) from memory in writing

List the pre-licensing education, testing, and continuing education hour requirements for federal registration and North Carolina licensure

Explain the NMLS unique identifier disclosure and registry maintenance duties in a written summary

Differentiate the federal registration pathway for bank employees from state licensing for non-depository MLOs using a side-by-side table

Compile a list of prohibited practices under North Carolina mortgage law and give a concrete scenario illustrating each one

Analyze advertising rules for mortgage loan advertisements, including required disclosures and prohibited terms, using three sample ad layouts you draft yourself

Explain the consumer protection provisions on unfair or deceptive trade practices and how they apply to loan origination conduct

Describe the rules on fees, rate locks, and kickbacks and identify which federal and state provisions overlap

Outline the recordkeeping duties of a North Carolina MLO, including retention periods and which documents must be preserved

Describe the examination process from notice through exit interview and list the documents an examiner typically requests

Explain the MLO's duty of candor and cooperation during an investigation and the consequences of noncompliance

Draft a personal file-organization plan that would satisfy a records request within the required timeframe

Compare conventional, FHA, VA, and USDA loan programs on down payment, mortgage insurance, and eligibility in a written chart

Explain the underwriting basics of debt-to-income, loan-to-value, and credit score thresholds and how each affects loan approval

Identify fair lending red flags in origination scenarios and write the correct compliant response for each

Describe ethical duties around steering, loan flipping, and unsuitable products with a written case analysis of one scenario

Complete two full-length timed practice exams and record your score by domain

Re-teach your three weakest domains by rewriting the core rules from memory without notes

Review every missed practice question and classify each error as knowledge gap, misreading, or regulation confusion

Recite the key deadlines, hour requirements, and retention periods across all domains in a single closed-book drill