An education provider offers a 20-hour course where 15 hours focus on federal regulations and 5 hours cover state law and ethics combined. What is wrong with this course structure?
Correct Answer
B) Ethics content is insufficient based on minimum requirements
The SAFE Act requires at least 3 hours each of federal law, ethics, lending standards, and state-specific content. This course structure fails to provide the minimum 3 hours of ethics education required.
Why This Is the Correct Answer
The SAFE Act requires at least 3 hours each of federal law, ethics, lending standards, and state-specific content. This course structure fails to provide the minimum 3 hours of ethics education required.
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