How often must a state-licensed mortgage loan originator complete continuing education requirements to maintain their NMLS license?
Correct Answer
B) Annually
Under the SAFE Act and NMLS requirements, state-licensed mortgage loan originators must complete continuing education annually to maintain their license. This includes 8 hours of NMLS-approved education with specific content requirements.
Why This Is the Correct Answer
Under the SAFE Act and NMLS requirements, state-licensed mortgage loan originators must complete continuing education annually to maintain their license. This includes 8 hours of NMLS-approved education with specific content requirements.
More UST Questions
If a state regulatory authority finds violations during an examination, what factors typically influence the severity of enforcement action?
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