For a Virginia state-law refresher, an audit analyst is training staff on continuing education and renewal. Which answer should be used?
Correct Answer
C) Virginia requires a 75 percent SAFE test score and required retake waiting periods.
Virginia SAFE testing requires a qualified Registry-developed test, at least 75 percent correct to pass, 30 days between three consecutive retakes, a 6-month wait after three failures, and retesting after 5 years without a valid MLO license excluding time as a registered MLO.
Why This Is the Correct Answer
Virginia SAFE testing requires a qualified Registry-developed test, at least 75 percent correct to pass, 30 days between three consecutive retakes, a 6-month wait after three failures, and retesting after 5 years without a valid MLO license excluding time as a registered MLO.
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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