Testing of loan originators
N.D. Cent. Code § 13-10-07
in effect13-10-07. Testing of loan originators
1. In order to meet the written test requirement referred to in subsection 5 of section
13-10-05, an individual must pass, in accordance with the standards established under
this subsection, a qualified written test developed by the nationwide mortgage
licensing system and registry and administered by a test provider approved by the
nationwide mortgage licensing system and registry based upon reasonable standards.
2. A written test shall not be treated as a qualified written test for purposes of
subsection 1 unless the test adequately measures the applicant's knowledge and
comprehension in appropriate subject areas, including:
a. Ethics;
b. Federal law and regulation pertaining to mortgage origination;
c. State law and regulation pertaining to mortgage origination; and
d. Federal and state law and regulation, including instruction on fraud, consumer
protection, the nontraditional mortgage marketplace, and fair lending issues.
3. Nothing in this section prohibits a test provider approved by the nationwide mortgage
licensing system and registry from providing a test at the location of the employer of
the applicant or the location of any subsidiary or affiliate of the employer of the
applicant or the location of any entity with which the applicant holds an exclusive
arrangement to conduct the business of a mortgage loan originator.
4. a. An individual shall not be considered to have passed a qualified written test
unless the individual achieves a test score of not less than seventy-five percent
correct answers to questions.
b. An individual may retake a test three consecutive times, with each consecutive
taking occurring at least thirty days after the preceding test.
c. After failing three consecutive tests, an individual shall wait at least six months
before taking the test again.
d. A licensed mortgage loan originator who fails to maintain a valid license for a
period of five years or longer shall retake the test, not taking into account any
time during which individual is a registered mortgage loan originator.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t13c10.pdf#nameddest=13-10-07Fetched: 10/16/2026