An Idaho MLO is subject to annual continuing education for renewal and has no applicable exception. What is the minimum total CE requirement, including Idaho-specific instruction?
Correct Answer
B) 8 hours total, including 1 hour of Idaho law
Idaho's Department of Finance specifies eight annual CE hours: three federal law, two ethics, two nontraditional mortgage lending, and one Idaho-law hour. Seven hours omits part of the requirement; unrestricted electives do not satisfy the subject allocation. Twenty hours describes the prelicensing total rather than annual CE. Source: https://www.finance.idaho.gov/consumer-finance-bureau/mortgage/mortgage-forms/
Why This Is the Correct Answer
Idaho Department of Finance says MLO licensees must complete 8 credit hours of CE annually as a license renewal requirement.
Why the Other Options Are Wrong
Option A: 7 hours total, with Idaho law optional
Assume another state's approval automatically satisfies the Idaho requirement. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option C: 8 hours total, all of which may be general electives
Apply the Idaho rule only to company licenses and never to individual MLO activity. is not correct because the governing rule requires the compliant answer shown in the explanation.
Option D: 20 hours total, including 2 hours of Idaho law
Handle continuing education and renewal with an informal note rather than the required license, disclosure, filing, or record. is not correct because the governing rule requires the compliant answer shown in the explanation.
Memory Technique
ID -> id-licensing-education-testing-renewal
Exam Tip
Idaho licensing questions test NMLS routing, education, testing, application items, sponsorship, renewal timing, and continuing education.
Common Mistakes to Avoid
- -Using generic federal mortgage facts when Idaho state-specific rules are being tested
- -Confusing Idaho individual MLO licensing with company, branch, sponsor, bond, or record requirements
- -Treating Idaho state-law conduct, advertising, reporting, servicing, or enforcement requirements as optional
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