During an Arizona loan-originator transfer, a branch supervisor must resolve a question about continuing education and renewal. Which statement should control?
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: Use only the federal baseline and ignore the separate Arizona state requirement.
Use only the federal baseline and ignore the separate Arizona state requirement. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: Apply the rule only after the Arizona regulator has already opened an examination.
Apply the rule only after the Arizona regulator has already opened an examination. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: Skip the Arizona requirement because the company already follows general SAFE Act procedures.
Skip the Arizona requirement because the company already follows general SAFE Act procedures. 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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