The Conference of State Bank Supervisors (CSBS) has announced a streamlined National Safe MLO Exam with a Uniform State Test (UST) Component. This test becomes available April 1, 2013 and as of today 24 states have agreed to adopt the Uniform State Test Component. Mortgage Loan Originators (MLOs) will no longer be required to take a second state specific test for the 24 states that have adopted the new component. For states that have chosen not to adopt the new Uniform State Test Component, new MLOs will be required to take the updated national exam and the second separate state test.
|National Test with Uniform State Test Component||$110|
|State Test Component||$69|
|Stand-Alone Uniform State Test Component||$33|
Frequently Asked Questions
1. When can I take the new National SAFE MLO Exam with Uniform State Test Component?
Enrollment for the new exam begins April 1, 2013 in 20 states, and in an additional 4 on July 1, 2013.
2. When can I take the Stand-Alone Uniform State Test Component?
The Stand-Alone UST will also be open for enrollment on April 1, 2013 in 20 states, and in an additional 4 on July 1, 2013. Beginning April 1, 2014, the Stand-Alone UST will no longer be available.
3. If I already took the national test, am I required to take the new one?
No, if you have already taken the old national test, you do not need to take the new test.
4. If I already took the national test, what do I do if the state I’m interested in getting licensed in is one of the 24 states covered by the new test?
If you have already taken the old test, but not the state specific test for the state in which you’d like to get licensed in, and the state is covered by the new streamlined examination, you will take the Stand-Alone Uniform State Test Component. The Stand-Alone Uniform State Test Component consists of 25 scored questions and is 45 minutes long for a fee of $33. This test will be available from April 1, 2013 through March 31, 2014 and all candidates who have previously passed the National Test Component are eligible. NMLS provides a content outline.
5. What states have adopted the new test as of April 1, 2013?
|Massachusetts||Michigan||New Hampshire||North Carolina|
|North Dakota||Pennsylvania||Rhode Island||South Dakota|
6. What states have adopted the new test as of July 1, 2013?
Alaska, Kansas, Nebraska, and Vermont
7. What states have not adopted the new test?
|California DRE||Colorado||Connecticut||District of Columbia|
|Montana||Nevada||New Jersey||New Mexico|
|Puerto Rico||New York||Ohio||Oklahoma|
|Oregon||South Carolina BFI||South Carolina DCA||Tennessee|
|Texas OCCC||Texas SML||Utah DRE||Virgin Islands|
8. What happens if the state I want to get licensed in has not adopted the UST?
If the state you want to get licensed in has not adopted the UST, you will be required to take the second state specific exam.