EstatePass
USTmedium11% of exam

A quality-control reviewer is training staff on SAFE Act continuing education and renewal using an NMLS filing review. Which statement is accurate?

Correct Answer

D) Complete the required annual continuing education components

SAFE Act CE requires annual approved education including federal law, ethics, nontraditional mortgage lending, and electives. The best answer is "Complete the required annual continuing education components".

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
Treat the requirement as optional because the file appears low risk.
D
Complete the required annual continuing education components

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 "Complete the required annual continuing education components".

Was this explanation helpful?

More UST Questions

People Also Study

Related Study Resources

Practice More MLO Questions

Access all practice questions with progress tracking and adaptive difficulty to pass your SAFE MLO exam.

Start Practicing