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A file review raises a question about SAFE Act continuing education and renewal. Which action should the sponsorship reviewer recommend?

Correct Answer

A) Use NMLS-approved CE before renewal

SAFE Act CE requires annual approved education including federal law, ethics, nontraditional mortgage lending, and electives. The best answer is "Use NMLS-approved CE before renewal".

Answer Options
A
Use NMLS-approved CE before renewal
B
Use prior experience as a substitute for the required rule.
C
Proceed first and document the compliance issue only if an examiner asks.
D
Treat the requirement as optional because the file appears low risk.

Why This Is the Correct Answer

SAFE Act CE requires annual approved education including federal law, ethics, nontraditional mortgage lending, and electives. The best answer is "Use NMLS-approved CE before renewal".

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