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A company policy memo needs a Georgia rule for pre-licensure education. Which statement should be included?

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
Skip the Georgia requirement because the company already follows general SAFE Act procedures.
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
Treat continuing education and renewal as optional because the company has a general Georgia compliance policy.
D
Postpone the Georgia continuing education and renewal issue until the next annual review.

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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