An MLO completed 4 hours of continuing education in June and 4 hours in the following January. Assuming the MLO's license year runs January to December, what is their compliance status?
Correct Answer
D) Must complete 4 additional hours by December
The 4 hours completed in January count toward the new year's requirement, not the previous year. The MLO was non-compliant for the first year (only 4 hours by December 31st) and needs 4 more hours by the end of the current year to be compliant.
Why This Is the Correct Answer
The 4 hours completed in January count toward the new year's requirement, not the previous year. The MLO was non-compliant for the first year (only 4 hours by December 31st) and needs 4 more hours by the end of the current year to be compliant.
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