An MLO candidate fails the Uniform State Test on their first attempt with a score of 72%. When is the earliest they can retake the exam?
Correct Answer
B) After 30 days
Under 12 CFR 1008.107(f), a candidate who fails the test must wait at least 30 days before retaking the exam. This waiting period applies after each failed attempt.
Why This Is the Correct Answer
Under 12 CFR 1008.107(f), a candidate who fails the test must wait at least 30 days before retaking the exam. This waiting period applies after each failed attempt.
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