Uniform State Content
The second half of Uniform State Content is about the state regulator's powers and the Model State Law's list of prohibited acts. Questions describe misconduct and ask what the commissioner may do, or which prohibition applies.
Uniform State Content3 min read7 sections
The Model State Law, drafted by CSBS and AARMR in 2008, is the template behind each state's MLO statute. The test asks about it in state-neutral terms, so think 'what does the Model State Law say?' rather than any one state's rule. Individual states can differ on amounts and timelines.
| Power | What it means |
|---|---|
| Investigation and examination | Access to books, records and systems; interview officers, MLOs and employees; examine at the licensee's cost |
| Subpoena | Compel witnesses and documents |
| License actions | Deny, suspend, revoke, condition or decline to renew; summary suspension when the public interest requires |
| Orders | Cease and desist, including immediate temporary orders |
| Penalties | Civil money penalties up to $25,000 per violation (Model State Law) |
| Bars | Remove or bar a person from working for any licensee |
| Reporting |
Every note. Every question. One pass.
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| Report violations and enforcement actions to NMLS |
A licensee generally gets notice and an opportunity for a hearing; surrendering a license does not erase liability for earlier acts.
