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Parker is training a new MLO on SAFE Act pre-licensure education. Which statement is accurate?

Correct Answer

C) Include federal law, ethics, and nontraditional mortgage education

SAFE Act PE requires 20 hours including federal law, ethics, and nontraditional mortgage lending components. The best answer is "Include federal law, ethics, and nontraditional mortgage education".

Answer Options
A
Use prior experience as a substitute for the required rule.
B
Proceed first and document the compliance issue only if an examiner asks.
C
Include federal law, ethics, and nontraditional mortgage education
D
Treat the requirement as optional because the file appears low risk.

Why This Is the Correct Answer

SAFE Act PE requires 20 hours including federal law, ethics, and nontraditional mortgage lending components. The best answer is "Include federal law, ethics, and nontraditional mortgage education".

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