uniform state test

Oregon Begins Using Uniform State Test for Mortgage Loan Originators

(Jeff Sorg – OnlineEd) – The Conference of State Bank Supervisors (CSBS) has announced that the Oregon Department of Finance and Corporate Securities (DFCS) began using the National SAFE Mortgage Loan Originator (MLO) Test with Uniform State Content. This brings the total number of state agencies using the test to 46. The Oregon DFCS regulates

Use of a Uniform State Test For NMLS Licensing gets CFPB green light

The CFPB has validated the use of a Uniform State Test (UST) developed by the Nationwide Mortgage Licensing System and Registry (NMLSR) to satisfy SAFE Act testing requirements. The SAFE Act requires state-licensed MLOs to pass a written test developed by the NMLSR. The test must include questions that examine an applicant on ethics and