An MLO who obtained their license on September 15th must complete their first 8-hour continuing education requirement by which date?
Correct Answer
C) December 31st of the following year
Under the SAFE Act, MLOs must complete 8 hours of continuing education annually by December 31st of each year following the year in which they were first licensed. If licensed in 2023, the first CE requirement is due by December 31, 2024.
Why This Is the Correct Answer
Under the SAFE Act, MLOs must complete 8 hours of continuing education annually by December 31st of each year following the year in which they were first licensed. If licensed in 2023, the first CE requirement is due by December 31, 2024.
More UST Questions
If a state regulatory authority finds violations during an examination, what factors typically influence the severity of enforcement action?
Under the SAFE Act, an individual who works for a federally chartered bank and takes mortgage applications must:
An MLO under investigation claims that certain requested documents are protected by attorney-client privilege because they were prepared in consultation with legal counsel. How should the state regulator respond?
Which scenario represents the MOST serious violation of appraisal independence requirements?
An MLO's license is suspended for 6 months, but after 3 months, the MLO demonstrates completion of remedial actions. Can the regulator lift the suspension early?
People Also Study
Federal Mortgage-Related Laws
23% of exam
General Mortgage Knowledge
23% of exam
Mortgage Loan Origination Activities
25% of exam
Ethics, Fraud & Consumer Protection
17% of exam