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A lender is preparing a Hawaii compliance audit focused on continuing education and renewal. Which statement should be treated as accurate?

Correct Answer

B) Hawaii MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

Hawaii MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

Answer Options
A
Use a verbal explanation instead of the required license status, disclosure, record, or filing.
B
Hawaii MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.
C
Use a renewal checklist exception instead of satisfying the rule before activity continues.
D
Close or renew first, then decide whether the renewal checklist needs a compliance correction.

Why This Is the Correct Answer

Hawaii MLO license renewal is tied to NMLS renewal processing and annual continuing education requirements.

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