How many hours of continuing education must a Georgia-licensed MLO complete annually to maintain their license?
Correct Answer
C) 8 hours, including 3 hours of federal law and 2 hours of ethics
Georgia MLOs must complete 8 hours of NMLS-approved continuing education annually, including 3 hours of federal law and regulations, 2 hours of ethics (including fraud, consumer protection, and fair lending), and 2 hours of non-traditional mortgage lending, plus 1 hour of elective content.
Why This Is the Correct Answer
Georgia MLOs must complete 8 hours of NMLS-approved continuing education annually, including 3 hours of federal law and regulations, 2 hours of ethics (including fraud, consumer protection, and fair lending), and 2 hours of non-traditional mortgage lending, plus 1 hour of elective content.
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A high-cost home loan lender in New York includes a 'due-on-demand' clause allowing the lender to call the entire loan balance at any time for any reason. This clause is:
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Which of the following topics must be included in the 8-hour annual continuing education requirement for MLOs?