Loan Officer Practice Test

If you need help studying for the NMLS Loan Officer exam or just want some more information about what the exam is like, you’ve come to the right place.

Click below to take a free Loan Officer practice test!

What’s on the Exam?

Questions: 120
Time limit: 3 hours and 10 minutes

First, let’s talk about the questions on the exam. There are 120 multiple-choice questions total, but only 115 of the questions will count toward your score. Why is that?

Unscored Questions
The five unscored questions on the exam are called “pre-test” questions. These are added to the exam to determine if they’re good enough questions to add to future versions of the test.

The trick is that you won’t have any way of knowing which questions are scored and which ones are pre-test. They will appear just like the scored questions throughout the test.

The time limit for the exam is 3 hours and 10 minutes. There aren’t any scheduled breaks, but you’re free to take restroom breaks as needed!

Let’s take a closer look at the different sections of the exam:

24% of the exam

  • TILA-RESPA Integrated Disclosure Rule (TRID)
  • Truth in Lending Act (TILA), 12 CFR Part 1026 (Regulation Z)
  • Equal Credit Opportunity Act (ECOA), 12 CFR Part 1002 (Regulation B)
  • Real Estate Settlement Procedures Act (RESPA), 12 CFR Part 1024 (Regulation X)
  • Other federal laws and guidelines
  • Regulatory authority

11% of the exam

  • State mortgage regulatory agencies
  • Compliance
  • License law and regulation
  • SAFE Act

20% of the exam

  • Mortgage loan products
  • Qualified and non-qualified mortgage programs
  • Terms used in the mortgage industry

27% of the exam

  • Loan inquiry and application process requirements
  • Qualification: processing and underwriting
  • Financial calculations
  • Closing

18% of the exam

  • Ethical issues
  • Ethical behavior related to loan organization activities

How to Register

To get started with the registration process, you’ll need to set up an NMLS account on their website. You can then sign up for a testing window, which costs $110, and schedule a testing appointment with Prometric.

Exam Scores

To pass the exam, you’ll need to answer at least 75% of the questions correctly.

You should receive your official scores within a few days of taking the exam.

Loan Officer Study Guide and Flashcards

Get practice questions, detailed study lessons, and complex subjects broken down into easily understandable concepts.

Study Guide

Retaking the Exam

If you didn’t get a passing score on your first try, that’s okay! You can retake the test as many times as you want. Just know that there is a waiting period between attempts, and you’ll have to pay the full testing fee each time.

Once you pass the exam, you won’t be able to take it again, so your first passing score is final.

Online NMLS Prep Course

If you want to be fully prepared, Mometrix offers an online NMLS prep course. The course is designed to provide you with any and every resource you might want while studying. The NMLS course includes:

  • Review Lessons Covering Every Topic
  • 950+ NMLS Practice Questions
  • More than 300 Digital Flashcards
  • Money-back Guarantee
  • Free Mobile Access
  • and More!

The NMLS prep course is designed to help any learner get everything they need to prepare for their NMLS exam. Click below to check it out!

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How many questions are on the Loan Officer exam?


The exam contains 120 questions.


What is the time limit for the Loan Officer exam?


The exam is timed at 3 hours and 10 minutes.


What is the passing score for the Loan Officer exam?


You’ll need to answer at least 75% of the questions correctly to pass the exam.


How much does the Loan Officer exam cost?


The testing fee is $110.