Test Information & Overview
The Secure and Fair Enforcement for Mortgage Licensing Act (SAFE Act) requires that state-licensed loan originators pass a qualified written test developed by the Nationwide Mortgage Licensing System and Registry (NMLS) and administered by an approved test provider. As required by the SAFE Act, the test is designed to adequately measure an individual's knowledge and comprehension in appropriate areas, to include:
(a) Ethics;(b) Federal law and regulation pertaining to mortgage origination;(c) State law and regulation pertaining to mortgage origination;(d) Federal and State law and regulation, including instruction on fraud, consumer protection, the nontraditional mortgage marketplace, and fair lending issues.
The SAFE Test includes two components: a National Component and a Unique State Component. A Mortgage Loan Originator (MLO) wishing to satisfy the SAFE test requirements for licensure in any given state or jurisdiction, must pass each component with a test score of not less than 75 percent correct answers to questions. MLOs wishing to seek licensure in more than one state or jurisdiction, must pass the Unique State Component test in each of those states.
Contract Ends
The North Carolina Office of the Commissioner of Banks contract with PSI Examination Services (PSI) to conduct the North Carolina Mortgage Loan Officer (MLO) License examination ended July 29, 2009.
Please note: All candidates for licensure as a MLO should review the requirements for the SAFE Act test. Detailed testing information is found on the NMLS website.
Test providers as of July 30, 2009 are: Prometric and Pearson Vue.
Click here to view SAFE Act test handbook for complete registration instructions and other important information. (See Step #1)
Click here to view the test enrollment guide. (See Step #2)
Contact information
Prometric Testing Center
Individual center hours vary. For specific information regarding center hours, please contact the Prometric Registration Center at 1-877-671-6657.
Pearson Vue Testing Center
Individual center hours vary. For specific information regarding center hours, please contact the Pearson VUE Registration Center at 1-866-994-6657
View state test center locations here
Fees
2009 Fee Schedule
The following test administration fees are in effect for the SAFE ACT Mortgage Loan Originator Test:
National Component - $92
Each Unique State Component - $69
Click here to view the national test outline.
State test outline
Click here to view the state test outline.
Test retake policy
Click here to view test retake policy. (See Step #4)
NOTE: The waiting period applies to each specific test. Failing one test, such as the National Component, does not impose a waiting period on a different test, such as a Unique State Component.
Rev. 5/4/2010