An Arizona sponsorship reviewer is reviewing a training scenario tied to continuing education and renewal. Which rule should be applied?
Correct Answer
A) Arizona PE requires 20 hours within 3 years before application, including 3 federal law, 3 ethics, 2 nontraditional mortgage product, and 4 Arizona law hours.
Arizona PE requires 20 hours within 3 years before application, including 3 federal law, 3 ethics, 2 nontraditional mortgage product, and 4 Arizona law hours. Arizona PE requires at least 20 hours completed within the 3-year period before application, including 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage products, and 4 hours Arizona law.
Why This Is the Correct Answer
Arizona PE requires 20 hours within 3 years before application, including 3 federal law, 3 ethics, 2 nontraditional mortgage product, and 4 Arizona law hours. Arizona PE requires at least 20 hours completed within the 3-year period before application, including 3 hours federal law, 3 hours ethics, 2 hours nontraditional mortgage products, and 4 hours Arizona law.
Why the Other Options Are Wrong
Option B: Continue the activity and document the issue only if a complaint is later filed.
Continue the activity and document the issue only if a complaint is later filed. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Let the MLO originate while waiting for the Arizona status, sponsorship, or renewal issue to be corrected.
Let the MLO originate while waiting for the Arizona status, sponsorship, or renewal issue to be corrected. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Let production staff decide whether continuing education and renewal matters for the file.
Let production staff decide whether continuing education and renewal matters for the file. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
AZ -> az-application-education-testing-and-renewal
Exam Tip
Arizona PE is 20 total with a 4-hour Arizona law component.
Common Mistakes to Avoid
- -Using a national baseline answer when Arizona has a state-specific rule
- -Confusing NMLS registration, Arizona licensure, and employer authority
- -Treating an exemption, temporary license, or bond rule as broader than written
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