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A licensing coordinator documents an Alabama training scenario and needs one rule for continuing education and renewal. Which statement belongs in the file?

Correct Answer

B) Alabama MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

Alabama MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

Answer Options
A
Delay the Alabama requirement until after the loan closes or the renewal period ends.
B
Alabama MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.
C
Treat consumer consent as a cure for a prohibited or missing compliance step.
D
Treat the timing or filing requirement as optional if the transaction appears low risk.

Why This Is the Correct Answer

Alabama MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

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