An applicant will be sponsored by a CRMLA lender regulated by the DFPI and asks how many hours of pre-licensure education she must complete before her 2027 application. What total and California-specific pre-licensure education hours are required for the CA-DFPI path?
Correct Answer
C) 20 hours, of which 2 must be CA-DFPI law and 10 are electives
CA-DFPI pre-licensure is 20 hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 10 electives and 2 hours of CA-DFPI law. Other choices: the state-specific requirement is 2 hours rather than 3; the 23-hour figure is the legacy structure and was retired; and no state-specific requirement is the CA-DRE position rather than the DFPI one. Source: NMLS state-specific education, CA-DFPI
Why This Is the Correct Answer
CA-DFPI pre-licensure is 20 hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 10 electives and 2 hours of CA-DFPI law. Other choices: the state-specific requirement is 2 hours rather than 3; the 23-hour figure is the legacy structure and was retired; and no state-specific requirement is the CA-DRE position rather than the DFPI one. Source: NMLS state-specific education, CA-DFPI
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