MO HB926

Requires mortgage loan originator applicants to pass the NMLSR's National Test Component with Uniform State Content, specifying the exact test designation for licensing

Qualified written tests must measure knowledge in ethics, federal and state mortgage origination law, fraud, consumer protection, nontraditional mortgages, and fair lending

Applicants must score at least 75% to pass; retakes allowed twice with 30-day waiting periods between attempts

After three consecutive failures, applicants must wait at least six months before retesting

Licensed mortgage loan originators whose license lapses for five years or longer must retake the test (excluding time spent as a registered mortgage loan originator)