A pre-licensure education course provider offers a program with 8 hours of federal law, 8 hours of ethics, 2 hours of lending standards, and 2 hours of state law. Does this meet SAFE Act requirements?
Correct Answer
B) No, federal law content is insufficient
The SAFE Act requires at least 3 hours each of federal law, ethics, and lending standards, plus 3 hours of state-specific law, with the remaining 8 hours covering these topics. This program only has 8 hours of federal law when more comprehensive coverage is needed across all areas.
Why This Is the Correct Answer
The SAFE Act requires at least 3 hours each of federal law, ethics, and lending standards, plus 3 hours of state-specific law, with the remaining 8 hours covering these topics. This program only has 8 hours of federal law when more comprehensive coverage is needed across all areas.
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