A continuing education provider offers a course titled 'Advanced Mortgage Compliance.' To count toward the federal law requirement, the course must:
Correct Answer
B) Cover federal laws and regulations related to mortgage lending
For continuing education to satisfy the federal law and regulations requirement, the course content must specifically address federal laws and regulations related to mortgage origination, regardless of length, and must be from an approved provider.
Why This Is the Correct Answer
For continuing education to satisfy the federal law and regulations requirement, the course content must specifically address federal laws and regulations related to mortgage origination, regardless of length, and must be from an approved provider.
More UST Questions
If a state regulatory authority finds violations during an examination, what factors typically influence the severity of enforcement action?
Under the SAFE Act, an individual who works for a federally chartered bank and takes mortgage applications must:
An MLO under investigation claims that certain requested documents are protected by attorney-client privilege because they were prepared in consultation with legal counsel. How should the state regulator respond?
Which scenario represents the MOST serious violation of appraisal independence requirements?
An MLO's license is suspended for 6 months, but after 3 months, the MLO demonstrates completion of remedial actions. Can the regulator lift the suspension early?
People Also Study
Federal Mortgage-Related Laws
23% of exam
General Mortgage Knowledge
23% of exam
Mortgage Loan Origination Activities
25% of exam
Ethics, Fraud & Consumer Protection
17% of exam
Previous Question
Which scenario would allow an MLO to carry forward excess continuing education hours to the following year?
Next Question
An MLO's annual background check reveals a new civil judgment for unpaid credit card debt of $8,000. The MLO claims they were unaware of the judgment. What should the MLO do immediately?