NJ MLO study plan

Map the disclosure-timing rules of TILA-RESPA integrated disclosures (Loan Estimate delivery, Closing Disclosure delivery, and the three-day waiting period) onto a personal timeline

Identify the specific events that require a revised Loan Estimate or a revised Closing Disclosure and state the reset rule for each

Distinguish ECOA/Regulation B notification duties from FCRA adverse action and risk-based pricing notice duties

Define the finance-charge and APR components of Regulation Z and compute which fees are included

Summarize HMDA data-collection, reporting and public-disclosure obligations, including which loans are reportable

Explain SAFE Act licensing, registration and the federal definition of a loan originator, and how it interacts with state licensing

Outline Fair Housing Act and Equal Credit Opportunity Act prohibited bases and the complaint/enforcement paths for each

Describe Gramm-Leach-Bliley privacy notice duties and the limits on sharing nonpublic personal information

Recognize red flags of mortgage fraud and identify the federal reporting duties they trigger

Classify conventional, FHA, VA, USDA and jumbo products by down payment, mortgage insurance, occupancy and eligibility rules

Compare fixed-rate, adjustable-rate and balloon structures, and interpret how index, margin, caps and reset periods set the fully indexed rate

Differentiate conforming loan limits, high-balance designations and the role of Fannie Mae and Freddie Mac in the secondary market

Explain how escrow accounts, impound waivers and reserve requirements are established at origination

Sequence the origination workflow from prequalification through closing and funding, naming the responsible party at each step

Compute qualifying ratios, including front-end and back-end DTI, and determine which income sources may be used and how they are documented

Interpret a credit report by identifying tradelines, inquiries, derogatory items and the disputes that must be resolved before underwriting

Explain the purpose and components of the appraisal, title commitment, flood determination and homeowners insurance binder

Assemble a complete loan application file by matching each required document to the underwriting condition it satisfies

Apply disclosure-delivery deadlines to a borrower file from application through closing, flagging every required date

Differentiate pre-approval, prequalification and verified approval, and explain what each commits the lender to

Describe the closing process, including the settlement statement, right of rescission for refinances and disbursement of funds

Apply the duty-of-care, fair-dealing and good-faith standards of the SAFE Act Model State Law to realistic origination scenarios

Identify fraudulent, deceptive and unfair practices, including steering, equity stripping and appraisal pressure, and state the compliant alternative

Explain fiduciary duties around confidentiality of borrower information and permissible use of nonpublic personal data

Practice resolving conflicts of interest, referral-fee questions and compensation rules under Regulation Z loan originator compensation limits

Outline New Jersey licensing, registration and renewal requirements for mortgage loan originators, including sponsorship and surety-bond rules

Summarize New Jersey-specific consumer protection requirements, disclosure obligations and prohibited practices applicable to residential mortgage lending

Identify New Jersey regulators, examination authority and the disciplinary actions available for violations

Compare where New Jersey rules impose stricter requirements than the corresponding federal rule

Re-drill every missed question from weeks 1 through 7 by restating the underlying rule rather than memorizing the answer

Complete two full-length timed practice exams under test-day conditions and log the domain of each error

Rebuild personal quick-reference sheets for the five most error-prone rules and recite them from memory

Simulate the exam-day routine, including timing per question and a strategy for flagging and returning to hard items