A Colorado loan file reviewer reviews an NMLS amendment about Colorado new state-licensed MLO totals NMLS-approved hours before submission. What should the reviewer choose?
Correct Answer
D) Colorado PE for a new state-licensed MLO totals 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 10 electives, and 2 hours of Colorado law.
Colorado PE for a new state-licensed MLO totals 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 10 electives, and 2 hours of Colorado law.
Why This Is the Correct Answer
Colorado PE for a new state-licensed MLO totals 20 NMLS-approved hours: 3 federal law, 3 ethics, 2 nontraditional mortgage lending, 10 electives, and 2 hours of Colorado law.
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?
A renewal specialist is updating Missouri procedures for supervisory file review and flags licensing and NMLS authority. Which answer is accurate?
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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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