Maria completed 6 hours of NMLS-approved continuing education and 4 hours of company training that was not NMLS-approved. What is her compliance status?
Correct Answer
B) Non-compliant - only 6 hours count toward the requirement
Only NMLS-approved continuing education courses count toward the 8-hour annual requirement. Company training that is not NMLS-approved does not satisfy the federal continuing education mandate under the SAFE Act.
Why This Is the Correct Answer
Only NMLS-approved continuing education courses count toward the 8-hour annual requirement. Company training that is not NMLS-approved does not satisfy the federal continuing education mandate under the SAFE Act.
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
Previous Question
An MLO wants to check their licensing status and any pending requirements. Where should they look in the NMLS system?
Next Question
Sarah fails her third consecutive state test attempt on January 15th. She wants to apply for an MLO license in a different state. When is the earliest she can take that state's test?