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A Georgia compliance manager is reviewing an NMLS filing review tied to continuing education and renewal. Which rule should be applied?

Correct Answer

B) Georgia MLO pre-licensure education is 20 hours of NMLS-approved PE, and Georgia has 0 state-specific PE hours; Georgia PE expires after 3 consecutive years without a valid MLO license or federal registration.

Georgia MLO pre-licensure education is 20 hours of NMLS-approved PE, and Georgia has 0 state-specific PE hours; Georgia PE expires after 3 consecutive years without a valid MLO license or federal registration.

Answer Options
A
Use a training scenario exception instead of satisfying the rule before activity continues.
B
Georgia MLO pre-licensure education is 20 hours of NMLS-approved PE, and Georgia has 0 state-specific PE hours; Georgia PE expires after 3 consecutive years without a valid MLO license or federal registration.
C
Close or renew first, then decide whether the training scenario needs a compliance correction.
D
Proceed before the required Georgia license, sponsorship, disclosure, record, or approval is in place.

Why This Is the Correct Answer

Georgia MLO pre-licensure education is 20 hours of NMLS-approved PE, and Georgia has 0 state-specific PE hours; Georgia PE expires after 3 consecutive years without a valid MLO license or federal registration.

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