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For an Alabama NMLS filing review, an audit analyst is training staff on continuing education and renewal. Which answer should be used?

Correct Answer

B) NMLS state-specific education table does not list Alabama as an agency with separate state-specific PE or CE hours; Alabama MLO licensing still follows NMLS and Alabama SAFE Act licensing requirements.

NMLS state-specific education table does not list Alabama as an agency with separate state-specific PE or CE hours; Alabama MLO licensing still follows NMLS and Alabama SAFE Act licensing requirements.

Answer Options
A
Use another jurisdiction's approval as a substitute for the Alabama requirement.
B
NMLS state-specific education table does not list Alabama as an agency with separate state-specific PE or CE hours; Alabama MLO licensing still follows NMLS and Alabama SAFE Act licensing requirements.
C
Treat the requirement as waived because the borrower or employer agrees.
D
Assume another state's approval automatically satisfies the Alabama requirement.

Why This Is the Correct Answer

NMLS state-specific education table does not list Alabama as an agency with separate state-specific PE or CE hours; Alabama MLO licensing still follows NMLS and Alabama SAFE Act licensing requirements.

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