Under DFPI licensing requirements, how often must a California mortgage loan originator complete continuing education to maintain their license?
Correct Answer
B) Annually - 8 hours including 3 hours of federal law, 2 hours of ethics, 2 hours of non-traditional lending, and 1 hour of California law
California MLOs must complete 8 hours of continuing education annually, with specific hour requirements for federal law (3), ethics (2), non-traditional lending (2), and California law (1).
Why This Is the Correct Answer
California MLOs must complete 8 hours of continuing education annually, with specific hour requirements for federal law (3), ethics (2), non-traditional lending (2), and California law (1).
More UST Questions
In a Missouri mortgage file, the loan file reviewer is asked to document licensing and NMLS authority before continuing. Which rule controls?
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A licensing checklist in Missouri includes a question about scope, definitions, and exemptions. Which entry should the branch supervisor keep?
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