Under IDFPR rules, the continuing education content for Illinois MLO license renewal must include which of the following components?
Correct Answer
A) Federal law updates, ethics training, and nontraditional mortgage product education
Illinois CE for MLO renewal must include federal law updates, ethics training (covering fraud, consumer protection, and fair lending), and education on nontraditional mortgage products, consistent with SAFE Act content requirements.
Why This Is the Correct Answer
Illinois CE for MLO renewal must include federal law updates, ethics training (covering fraud, consumer protection, and fair lending), and education on nontraditional mortgage products, consistent with SAFE Act content requirements.
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