An originator’s state license lapses on December 31 because she missed that year’s required eight hours of CE. She seeks reinstatement immediately in January, and the state permits reinstatement once its conditions are met. What must she do about the missed CE?
Correct Answer
D) Complete the designated Late CE for the missed year as part of reinstatement
D. Complete the appropriate Late CE for the deficient year. NMLS designates specific Late CE courses for making up a prior year’s requirement. The immediate January reinstatement scenario is different from a prolonged absence that can raise PE-expiration issues. Scope and exceptions: Completion is not automatic reinstatement. State fees, deadlines and other conditions still apply; confirm active authority before originating. Source: How to make up CE and when Late CE is required — https://mortgage.nationwidelicensingsystem.org/knowledge/products/nmls/pubs/testingHbk/education/mlo_testing/mlo_test_faq/mlo_testing_hbk_FAQ_educLateCE.html
Why This Is the Correct Answer
D. Complete the appropriate Late CE for the deficient year. NMLS designates specific Late CE courses for making up a prior year’s requirement. The immediate January reinstatement scenario is different from a prolonged absence that can raise PE-expiration issues. Scope and exceptions: Completion is not automatic reinstatement. State fees, deadlines and other conditions still apply; confirm active authority before originating.
Why the Other Options Are Wrong
Option A: She may originate for 30 days into the new year while she catches up
The facts supply no authority to keep originating for thirty days.
Option B: She may originate under her employer's license until hers is reinstated
An employer license does not reinstate her individual authority.
Option C: She must retake the 20 hours of pre-licensing education from the beginning
The immediate lapse does not establish a need to restart all PE.
Exam Tip
Use the correct year’s Late CE and verify reinstatement separately.
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