Ohio § 1322.27
Full text of Ohio Ohio Revised Code § 1322.27, with citation guidance and answers to common questions.
§ 1322.27.
Each applicant for a mortgage loan originator license shall submit to a written test
that is developed and approved by the nationwide mortgage licensing system and registry
and administered by an approved test provider. (A) The test shall adequately measure the applicant's knowledge and comprehension in
appropriate subject areas, including ethics, federal and state law related to mortgage
origination, fraud, consumer protection, and the nontraditional mortgage marketplace,
and fair lending issues. (B) An individual shall not be considered to have passed the written test unless the
individual answers at least seventy-five per cent of the questions correctly. (C) An individual may retake the test three consecutive times provided the period between
taking the tests is at least thirty days. If an individual fails three consecutive tests, the individual shall be required
to wait at least six months before taking the test again. (D) If a mortgage loan originator fails to maintain a valid mortgage loan originator
license for a period of five years or longer, the individual shall be required to
retake the test. For this purpose, any time during which the individual is a registered mortgage loan
originator shall not be taken into account.
Frequently Asked Questions About Ohio § 1322.27
What does Ohio Revised Code § 1322.27 cover?
Section 1322.27 is part of the Ohio Revised Code, the codified statutory law of Ohio. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Ohio § 1322.27?
A common citation format is "Ohio Revised Code § 1322.27" (Ohio). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1322.27 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Ohio.