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Under Virginia's SAFE Act, how many times may an MLO applicant take the licensing examination after failing?

Correct Answer

D) Three retakes with a 30-day wait, then a 6-month wait after the third failure

Applicants may retake the exam after a 30-day wait. After three consecutive failures, they must wait 6 months before attempting again.

Answer Options
A
Unlimited retakes with no waiting period
B
Two retakes total, then a 1-year wait
C
One retake only, then permanent disqualification
D
Three retakes with a 30-day wait, then a 6-month wait after the third failure

Why This Is the Correct Answer

Applicants may retake the exam after a 30-day wait. After three consecutive failures, they must wait 6 months before attempting again.

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