An Arizona MLO subject to annual CE, with no same-year PE exception, completes eight approved hours: three federal law, two ethics, two nontraditional lending and one general elective, but no Arizona law. Does this satisfy the stated Arizona renewal education allocation?
Correct Answer
D) No; the required one hour of Arizona law is missing
D. The total is eight, but the required Arizona-law component is absent. DIFI lists one Arizona-law hour alongside the federal, ethics and nontraditional-lending components. A general elective that contains no Arizona law does not satisfy that specific component. Scope and exceptions: The facts exclude the same-calendar-year PE exception described in the renewal checklist. Completing education also does not replace other renewal steps. Source: Renewal: Loan Originator — https://difi.az.gov/licensing/mortgage-lending Step 1: Complete Continuing Education Hours — https://difi.az.gov/sites/default/files/media/FE-LC-RN-LO_NMLSRenewalChecklist.pdf
Why This Is the Correct Answer
D. The total is eight, but the required Arizona-law component is absent. DIFI lists one Arizona-law hour alongside the federal, ethics and nontraditional-lending components. A general elective that contains no Arizona law does not satisfy that specific component. Scope and exceptions: The facts exclude the same-calendar-year PE exception described in the renewal checklist. Completing education also does not replace other renewal steps.
Why the Other Options Are Wrong
Option A: Yes; eight total hours remove the state-law requirement
Ignores subject allocation.
Option B: Yes; state-law education applies only to company licensees
Misapplies the individual originator requirement.
Option C: No; the minimum is twenty CE hours every year
Confuses annual CE with a different education requirement.
Exam Tip
Count required subjects as well as total hours.
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