An MLO candidate scores exactly 75% on their state test. Which statement is correct?
Correct Answer
B) This is a passing score that meets the minimum requirement
The SAFE Act requires a minimum score of 75% to pass. A score of exactly 75% meets this requirement and is considered passing - the requirement is 75% or higher, not greater than 75%.
Why This Is the Correct Answer
The SAFE Act requires a minimum score of 75% to pass. A score of exactly 75% meets this requirement and is considered passing - the requirement is 75% or higher, not greater than 75%.
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The SAFE Act's scope includes residential mortgage loans secured by a dwelling. Which of the following would NOT fall under this definition?
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