A mortgage loan originator's license may be suspended by the state regulatory authority for which of the following reasons?
Correct Answer
D) Failing to maintain continuing education requirements
Under the SAFE Act, state regulatory authorities have the power to suspend, revoke, or refuse to renew licenses for violations including failure to meet continuing education requirements. Moving states or changing employers are normal business activities that do not warrant suspension.
Why This Is the Correct Answer
Under the SAFE Act, state regulatory authorities have the power to suspend, revoke, or refuse to renew licenses for violations including failure to meet continuing education requirements. Moving states or changing employers are normal business activities that do not warrant suspension.
More UST Questions
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An MLO candidate passes the National Test but fails the Uniform State Test. Which statement is correct about retaking the exam?
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A Virginia MLO completed 10 hours of CE in 2025 — 2 hours more than the 8-hour requirement. Can the MLO carry over the extra 2 hours to satisfy part of the 2026 CE requirement?